Water is essential to life, but it can quickly go from being a friend to being a foe. Water is essential to life, but it can quickly go from being a friend to being a foe. (iStock)

With water around every corner, clients' properties are more vulnerable to water damage than many would imagine. In fact, water is the number one property-related homeowners claim, according to Chubb's claims data, and the Insurance Information Institute found that one in 50 homeowners will experience a related claim each year. When they do, it will cost close to $10,000 per leak.

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