Returning home from a vacation to a flooded basement can ruin the peace you just experienced. I recently faced this situation after a burst pipe leaked water into my basement for weeks.
Living in Toronto where water usage is metered, even a small leak can significantly increase your water bill. Experts warn that tiny ‘invisible leaks’ can waste water, and a burst pipe can flood a home in just a few hours. Dealing with the municipality to adjust the bill can be a challenging and costly process.
In my case, I may be looking at a $6,000 expense unless I can convince the water utility to show leniency. I have provided them with documents confirming my situation, but the outcome remains uncertain.
Advising clients dealing with leak issues is crucial, especially for realtors with properties sitting empty. Ensuring plumbing systems are in good condition or shut off can prevent unexpected water bills for clients.
Monitoring water usage and addressing leaks promptly can prevent costly damage and health risks associated with mould. Shutting off the water supply when on vacation and using products to detect leaks can help prevent potential disasters.
When it comes to insurance claims for water damage, understanding coverage limitations is essential. Certain types of damage may not be covered under a standard policy, highlighting the importance of maintaining your property to prevent future issues.
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