Interior water leaks can be a homeowner's nightmare
How about this for a nightmare scenario? A family leaves on a long anticipated two-week vacation. A few days later a fixture in their home develops a water leak. Maybe it's the kitchen faucet, a failing water heater , or a break in the hose connecting the washing machine . Whatever the source, the family returns from their vacation to find thousands of dollars in damage to their waterlogged home. A survey by Chubb finds homeowners , for the most part, are oblivious to potential water damage from inside the home, despite the fact that water damage is more common than either fire or theft. "The time between when a leak occurs and when it is discovered is the single greatest factor in determining the amount of damage," said Fran O'Brien, division president of Chubb North America Personal Risk Services . "As a result, leaks that occur while you're away result in greater amounts of damage, in terms of both cost and severity." Frequency has nearly doubled An...