Based on Nationwide claims data, the most likely sources of water leaks include:
Bathroom toilets, sinks, tubs and showers
Water heaters (which last an average of 12 years)
Washing machines (water hose input lines fail after 8.7 years)
Refrigerators with water lines
Water pipes, especially ones exposed to low or freezing temperatures
Water backup from a sewer or sump pump failure)
Electrical fire
Most electrical fires start from hidden hazards, behind your walls, within your devices and appliances and from electrical grid defaults.
Electrical hazards can develop at any time.
Devices offered are compatible with both new and older homes.
As a home’s electrical system ages, there can be a higher frequency of electrical hazards.
Availability varies by state, coverage selections and rating factors.
[1] The discount applies to fire, theft and water coverages. Program criteria differ in California and Washington. Discount not available in NC. The discount for smart home participation will be discontinued if an eligible smart home monitoring system is not ordered and activated within 55 days of enrollment.
[2] 28% reflects the percentage of homeowners insurance losses for water and freezing; $13,954 is the weighted average of homeowners losses for water and freezing. “Facts + Statistics: Homeowners and renters insurance,” iii.org/fact-statistic/facts-statistics-homeowners-and-renters-insurance (accessed Nov. 19, 2024).
The smart home monitoring system and related support will be supplied by the third-party device provider and maker. Nationwide is not responsible for the system, installation, or any home monitoring. To be eligible for this offer, the customer must have an active Nationwide homeowners policy
