Frozen Burst Pipe Claims
It’s February! And as temperatures across the US trend toward extreme, sub-zero climates and severe wind chill factors threaten to freeze and burst a great deal of pipes! But, keep in mind that as temperatures rise, ice and ice dams may cause further damage to doors, windows, drywall, flooring and paint. Insurance claims for water damage, in general, have increased to nearly 50 percent of total claims filed in recent years, each averaging around $10,000 in cost. Its therefore understandable why insurance companies would want to avoid these claims as much as property owners do.