Water Losses by the Numbers1
From 2014 to 2018, losses from water and frozen pipes were the third costliest type of loss, behind fire and liability.
- The average claim cost $10,182
- Water claims were the second most frequent cause of loss to homes, behind wind and hail
- About one in 50 insured homes has a property damage claim caused by water damage or frozen pipes each year
1Insurance Information Institute
Automatic Water Shut-off Devices
Taking action now can help you prevent future water damages and the headaches that comes with it.
Many water losses can be prevented or mitigated by an automatic water shut-off device. This device constantly monitors water flow through your home’s pressurized plumbing system and automatically shut off the water if a leak is detected, preventing further damage.
Each system allows you to customize shut off criteria to meet your needs, allowing you to control how much water is used and learn about leaks if they occur. You can also connect these devices to your home’s central station alarm system or your mobile device.
Cincinnati is working with vendors to offer our policyholders preferred pricing for water shut-off devices. We encourage you to visit our preferred vendor sites to learn more about water shut-off devices and the products which may be best for you. Check with your local independent agent or broker for eligibility.
Our loss control service is advisory only. We assume no responsibility for management or control of customer loss control activities or for implementation of recommended corrective measures. This content was gathered from trade services and public information and does not identify or address all possible exposures. We do not warrant that this information is consistent with the underwriting guidelines of The Cincinnati Insurance Company and its subsidiaries or with any federal, state or local law, regulation or ordinance.
To report a claim: You may call us directly, 877-242-2544, to report your claim and provide us with your claim-related information. You may also contact your independent agent to report a claim.