The Heavy Toll of Water Damage Claims in Florida

1. Water damage dominates non-hurricane claims

• Water-related issues—including burst pipes, leaks, mold—comprise the majority of homeowners insurance claims in Florida. South Florida alone sees 90% of water damage claims tied to plumbing and leaks rather than hurricanes.
• A 46% rise in water-loss claim frequency was reported between 2010–2015 by Florida’s Office of Insurance Regulation.

2. Frequency & severity continue upward

• Nationally, water damage accounts for 23–29% of all homeowners insurance claims, averaging $10,000–$14,000 per incident .
• In Florida, aging plumbing and a humid, flood-prone climate drive even higher exposure and claims.

Rising Premiums Make Water Damage Costly

1. Premium increases driven by water claims & fraud

• Florida holds one of the nation’s highest average home insurance premiums, around $6,000/year—nearly triple the national average.
• Fraudulent claims via Assignment of Benefits (AOB) inflate costs. In Miami-Dade, 56% of every premium dollar goes to water damage payouts.

2. Rate hikes and coverage penalties

• Standard homeowners’ insurance often imposes surcharges or exclusions after just one or two water damage claims, labeling the home as “high risk” .
• Reports indicate 36% jump in premiums following a single water claim —and some homeowners are even non-renewed.

Far-Reaching Impacts of Rising Claims

1. Insurer exodus & market instability

• Major insurers have withdrawn or limited coverage in Florida due to rising costs, leaving many with fewer choices and higher premiums.
• The state-run Citizens Property Insurance has over 1.4 million policies, many held by homeowners who were dropped by private carriers.

2. Explosion of litigation

• Florida leads the U.S. in AOB lawsuits, fueling legal and settlement expenses insurers pass on as higher rates.

How LeakSecure Helps You Avoid These Hidden Costs

Early detection = fewer claims

• LeakSecure’s round-the-clock monitoring catches small leaks long before they escalate into major damage—helping prevent costly insurance claims.
• Skipping even a single water damage claim can help you avoid steep surcharges, exclusions, or the dreaded non-renewal notice.

Lower risk = lower premiums

• With no claims and smart home protections in place, insurers view your home as lower risk—potentially qualifying you for lower premium brackets and discounts through insurers actively rewarding proactive homeowners.

Insurance stability

• A history free of plumbing claims allows you to shop the market confidently, avoiding placement into Citizens or other limited insurers.

How LeakSecure Helps You Avoid These Hidden Costs

Florida homeowners are paying staggering sums—thousands more annually—because of frequent water damage claims, fraud, litigation, and market instability. Installing LeakSecure isn’t just about peace of mind—it’s a strategic move that helps you:

Pro tip: Pair LeakSecure with us for professional installation in Florida—an easy way to protect your home, plumbing, and insurance costs before a claim forces your hand.

Installation Made Easy in Florida with Our Expertise

If you’re located in Florida, you’re in luck. We are an authorized partner for LeakSecure installations, offering professional service and local support. They’ll handle everything—from helping you choose the right setup to ensuring it’s installed correctly and connected to your mobile app.

🔧 Act Now: Water damage doesn’t wait—and neither should you. Reach out to us today and take the first step in protecting your home and wallet.

Final Thoughts

Smart home technology isn’t just about convenience—it’s about proactive protection. LeakSecure offers homeowners peace of mind, real savings, and a way to stay one step ahead of unexpected plumbing disasters. Don’t wait until it’s too late to secure your home from hidden leaks and rising insurance costs.

Install LeakSecure today and enjoy smarter plumbing, lower insurance bills, and a safer home.