News
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PRESS RELEASE
Square One Warns of a 191% Increase in Frozen Pipe Home Insurance Claims
The recent plummeting temperatures across Canada have led to a major spike in insurance claims due to frozen and burst pipes, with a 191% increase in the early days of 2024 compared to the beginning of 2023. Homeowners are urged to take precautions to prevent frozen pipes, as the average cost to repair a burst pipe is about $16,000. It's important to note that home insurance usually covers the damage caused by a frozen, burst pipe subject to certain conditions. To prevent damage, homeowners are recommended to insulate exposed water lines, disconnect garden hoses, know the location of the home's main water shut-off valve, install heat tape on at-risk pipes, seal cracks, keep the home heated, and monitor water flow from taps. Taking these precautions can help reduce the risk of frozen pipes and potential costly damage. -
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