Four in 10 homeowners fail to perform the simple tasks that could prevent an occurrence that accounts for a large proportion of homeowner claims, according to a recent poll by Pemco Insurance. Water damage, the number one homeowners' claim, costs insureds and insurers more every year than fire, storms, or theft.

"Fortunately, most water-damage claims can be prevented with simple maintenance," said Jon Osterberg, a spokesman for the company. "You never want to ignore a water leak, or put off replacing hoses, water lines, or pipes that you know are worn."

A broken water hose can cost homeowners an average of $500, the typical deductible per claim. When hardwood floors are involved, costs can reach well into the thousands. Water damage also can cause mold, resulting in further damage.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.