1. "There's an old plumber's adage: 'An ounce of prevention could cost me 5K.'"Water is the single most common cause of household damage, according to a nationwide analysis by Safeco Insurance, a Seattle-based homeowner's insurance company. From 2002 to 2004, 30% of home water-damage claims resulted from appliance failure and another 62% from faulty plumbing systems. The biggest culprits: water heaters and washing machines. And repairs are costly. Safeco found that American households with water damage spent an average of $5,000 for each episode in that same period.
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