Preparing for the impact of water damage

According to the Insurance Information Institute, water is the biggest threat to a home.  Approximately one in 50 homes has a property damage claim caused by water damage each year, resulting in an average insurance claim of $8,000. American Modern and Notion aim to help homeowners monitor for leaks and other events to better manage risk via Notion’s smart home platform. (Photo: iStock)

With severe flooding continuing to hit parts of the Midwest and Southeast, record-breaking amounts of water have been impacting the businesses and residents in this region. In fact, flooding along the Mississippi River is the longest-lasting since the “Great Flood” in 1927.

With hurricane season underway, concerns everywhere regarding flooding are not going away anytime soon. However, extreme weather is not the only reason for water damage, and even if you are not located in a flood zone, your property could still be vulnerable.