to its full

Understanding the risks of water

You don’t have to be hit by a natural disaster to experience water damage. Find out what water is capable of and how it can put your property at risk.


Water is behind 65%* of claims

Water-related claims have increased dramatically in recent years, overwhelming insurance companies. The figures show that most co-owners will make at least one home insurance claim related to water during their lifetime. Water alone is responsible for 65%* of insurance claims.

Water causes far more claims than fire and theft combined.

Condos come with extra risks
When you live in a condo, every neighbor increases your risk factor. Water doesn’t necessarily stay in the condo where the leak occured—it has a funny way of obeying the laws of gravity. You could quickly end up paying for a problem caused by someone living three floors above you.

* Source: Insurance Bureau of Canada

Water is completely unpredictable.

Water damage can happen to anyone, at any time. All too often, it happens when the owner isn’t even home. Your best protection will always be to block water flow at source when you’re not there… which is precisely what NOWA does for you completely independently.

The last thing you’d expect
Even the most attentive homeowner can’t monitor all risk areas. A pipe can get too cold and burst. A washing machine fitting can give out under vibrations due to an incorrect connection. A sewer backup can flood the basement.

Nothing stops water. Not even time.

Time may heal all wounds, but it doesn’t fix water damage. Water quickly makes its way into hard to access areas, and soaks in. Once moisture sets in, it causes serious structural problems and mold growth. Both are extremely costly.

Hidden detect
Once you knowingly sustain water damage, a future owner could sue you for hidden defect if the drying isn’t properly handled.

Loss of value
Mold is synonymous with health problems and costly solutions, which is why it’s scary. Water damage can end up reducing the resale value of your property.

Even clean water can be costly.

Even in its purest form, water compromises almost every material in a building, causing considerable damage. It happens much faster than you’d think and to fix it, you have to tear down and rebuild with new materials. Repair costs in case of water damage could exceed several thousand dollars. And no matter your insurance plan, you’ll inevitably end up paying for part of it yourself.

You will always be responsible for the deductible.
As the number of claims continues to skyrocket, some insurers have no choice but to charge a hefty deductible.

Higher premiums
Unless you have a “claim forgiveness” endorsement, your premium will generally go up by at least 25% after your first claim.

Not everything is covered.
Depending on your coverage, you’ll likely end up paying some of the costs involved in replacing expensive equipment or materials.

It’s not just structural.
For esthetic reasons, you may need to extend repairs beyond the damaged area. In such cases, the insurer may decide to hold you responsible for part of the bill.

The problem has to be fixed.
If your insurer feels the problem is likely to reoccur, they may require you to make costly repairs, on your own dime.

Keep saving, year after year

Water damage is the most common insurance claim and one of the most costly. Your insurance provider knows that better than anyone. Many insurance companies have already recognized the NOWA solution and will give you a discount on your premium once you’ve installed it in your home.

Ask your insurance provider today

Why would I need protection?
My insurance will cover it!

Because the cost isn’t just financial. And because claims involving water damage have risen dramatically in the past few years and insurers are getting nervous, so much so that they may refuse coverage to homeowners considered at risk.

To stay insured
A growing number of owners and condo associations who have filed claims in the past have trouble finding insurers who cover water damage.

Because it’s not all replaceable
Some personal belongings can’t be reproduced or replaced, no matter how much your insurer is willing to pay. Once damaged, they’re damaged forever.

Because it’s not a walk in the park
Avoiding a disaster is far easier than having to deal with one. Water damage can upend your life and monopolize your time for weeks.

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