There’s a strange contradiction in the world of smart home technology. It seems it varies from luxury items to genuine money-savers. Today we’re talking about why water leak detection falls squarely into that money-saver category. Water leaks cost you money for the water. They can also cost you money for the damage they cause.
How Do Water Leak Detection Systems Work?
The most basic function of any water leak detection system is right there in the name: detection. They typically utilize sensors that are placed around your home near places that are likely to experience a water leak, such as the water heater, near your sink or toilet and behind the washing machine.
If one of these sensors detects a leak, the system will alert you, usually via a smartphone app. But that kind of system can only do so much, especially if you’re away from home on vacation or business. You could find yourself calling a neighbor or even the police to tell them there’s a major water leak in your home.
Needless to say, that’s a less-than-ideal situation.
The big difference is with how the system actually responds to a water leak. A more advanced system will alert you, but it will also stop the water to prevent that leak from doing any more damage. Some systems will do this at the source of the leak, while others will shut off the main valve for the entire house.
It’s nice to know that you can simply shut your water off remotely from half a world away. But what about the money-saving angle? Some water leak detection systems can cost hundreds of dollars – do they pay off?
How Water Leak Detection Saves You Money
Obviously, to understand the money saving potential of a water leak detection system, you need to know the potential costs of a water leak.
Even a small leak can necessitate replacing materials, repainting surfaces and getting a professional to check there have been no serious structural problems. If the water leak lasts long enough it can begin to rot the wood which supports your home and create real danger.
Those costs easily add up to hundreds of dollars. And if you end up with mold growth, it can cause serious respiratory problems. In either case, the dangers to your health and impact on your wallet only increase.
Compare this with the one-time cost of the installation of water leak prevention and it’s clear such a system can pay for itself by preventing even one medium-sized leak. If it prevents a larger leak, you’re talking about thousands of dollars of savings.
What About Homeowners’ Insurance?
If the leak resulted from unresolved maintenance issues, your homeowners’ insurance probably won’t cover it. Your insurance also likely won’t cover replacing the appliance or fixture that caused the problem. In any case, deductibles and hassle also add up, even if your insurance covers the damage.
Prevention Is the Smart Option
All of this adds up to prevention, which means performing proper maintenance of your home’s plumbing and doing the math yourself to see if a water leak detection could save you money by preventing water leaks. If you’d like to review your options, contact us today for a complete appraisal.