MoneyFail #7 – Protect Your Home With Water Sensor

by Charles on February 14, 2012 · 6 comments

in Home, Insurance, MoneyFail

A few years ago, my house suffered extensive water damage in the basement when my hose bib blew off of its piping. The water poured onto the floor of my basement for more than 48 hours before I was able to come home and shut the water off. Total damages exceeded $7,000 where I had to pay $1,000 out of my own pocket. Although my homeowner insurance covered most of the costs, it did make a big unexpected dent in my savings account. The hose bib broke off due to constant freezing and unfreezing of water inside the pipe during the cold winter season. I now make sure that I turn the water off to the hose bib prior to the freezing season.

On top of that, I purchased a few of water leak sensors from Home Depot for $10 each. When it detects water, it beeps with a constant loud noise that is more annoying than your most hated alarm clocks. But its function serves one purpose: To detect water.

Don’t be dumb and careless taking care of your home. It takes a lot of work and effort to ensure everything in your home is running properly, but it could cost you a lot of money after one mishap. Many new homeowners aren’t aware of the additional costs of owning a home on top of the mortgage payments.

I placed these water leak sensors in three locations: in the basement next to the sump pump; in the laundry room; and in the mechanical room next to the water heater. All three locations are prime locations where water damage can occur. These sensors will alert me as soon as one of these appliances bail on me.

This is the latest edition of our new series called MoneyFail.

photo: water alarm by sump pump, charles

Note: This post was picked up by Consumerist.

Money Beagle February 14, 2012 at 8:15 AM

My post today is about how my water sensors have gone off three different times in the last month, all in different spots in the house. I agree with this post 100 percent!
Money Beagle recently posted..Things Do Happen In Threes, Just Ask The Water Froggies

cashflowmantra February 14, 2012 at 10:27 AM

That little water alarm looks like a great gadget. I am going to have to look into that.
cashflowmantra recently posted..How to Sell on EBay to Make a Grand Per Month

Suba February 14, 2012 at 8:42 PM

Looks like a great gadget. We rent, but last year our apartment flooded from surface water and it was a fight with the insurance company to get coverage. This won’t help in our apartment I guess, but I will certainly keep this in mind when we buy a house.
Suba recently posted..Money can’t buy me love… or can it?

Super Frugalette February 16, 2012 at 12:27 AM

Once again…I learn something new on your blog. Last time it was checking when you really need an oil change.
Super Frugalette recently posted..$50 Amazon Gift Card Giveaway

Bryan February 17, 2012 at 12:24 PM

Sounds like you need a Leak Frog.

Nathan McBride April 23, 2014 at 10:13 AM

Try out this gizmo – – I’m having my cottage owners put them in any cottages with sump pits, than I can monitor in case a flood happens.

Comments on this entry are closed.

Previous post:

Next post: