(NewsUSA) - Owning a second home has many benefits: a potential rental income and a relaxing, reliable getaway, to name a few. However, second homeowners also must consider the challenges of maintaining a property left vacant for long periods of time.
Potential water damage is a key element of concern for homeowners who leave a second property for long periods. For example, a power failure and loss of electricity in the winter might result in frozen and broken pipes in a vacated summer house. An unsuspecting homeowner or renter could cause a flood by turning on the water. Home monitoring systems, such as the FloLogic System, are designed to provide remote monitoring of the water flow in a home. A sustained flow of water, whether from a pinhole leak, running faucet or flooding appliance, prompts the FloLogic System to send an alarm and shut off the water supply, so the homeowner can identify and address leaks before major damage occurs.
Many insurance companies offer reduced rates to homeowners who install the FloLogic System. Find out more about how the FloLogic System can give you peace of mind as you manage your vacation home by visiting www.flologic.com.
In addition to preventing water damage, owners of second homes can protect their property with these other simple strategies:
Protect the Pipes
For second homes in areas where the temperature dips below freezing, reduce the risk of a frozen pipe by leaving the heat running at 58 degrees Fahrenheit. Homeowners also should consider draining toilets, pipes and hot water tanks before leaving a vacation home for a long absence.
Protect Your Property
Be sure all windows and doors are locked and skylights and ventilation shafts are closed. Bring outdoor furniture inside. Secure bikes, boats and other similar items in a garage or shed. Move electronics, such as TVs and computers, away from windows.
Prepare for Power Surges
Unplug electrical appliances, including toasters and washing machines, for safety in case of an electrical surge.
Manage Your Mail
Be sure the post office has the correct forwarding address and the date on which to start forwarding your mail to an alternate location.
(NewsUSA) - The high cost of home insurance can seem like one more financial hurdle to homeowners, but a solid home insurance policy doesn't have to break the bank.
Several factors can impact how much you pay for home insurance, including the age and size of your home, and whether you live in an area prone to natural disasters, such as fires, storms and flooding.
In fact, water damage is one of the largest sources of insurance claims, so making a proactive effort to monitor leaks and minimize the possibility of water damage can help reduce your home insurance premiums. Plumbing-related water damage accounts for 22 percent of homeowner claims filed each year and accounts for 25 percent of the claim dollars that insurance companies pay out. This is second to damage caused by acts of nature.
How can you monitor leaks? The technology in the FloLogic system acts like a circuit breaker for your plumbing system. The system monitors water throughout the home, and automatically shuts off the water if a leak is detected. Homeowners who install the FloLogic sytem may be eligible for a discount on their insurance.
Find out more about how the FloLogic System works by visiting www.flologic.com.
Other smart steps to save money on home insurance include:
Improve Your Home
Some insurers offer discounts to homeowners in older homes who upgrade outdated heating, electrical, or plumbing systems. Also a home security system may increase your chances of getting a lower premium.
Pump Up What You'll Pay
If you choose a higher deductible (the amount you pay for any damages to your home), you will pay lower premiums. Be prepared to cover damages up to $1,000, so you can save your insurance claims for larger damages.
Read up on information about home insurance rates, and also about complaints related to price, customer service and a range of other issues issues. You can find many insurance quotes online, as well as customer feedback about the company. You may find that paying slightly more for home insurance from a company with mainly good reviews is worthwhile.
Consider using the same company for home insurance and auto insurance. It's not uncommon to get a reduced home insurance rate from a company if you also have car insurance or other types of insurance with them.
(NewsUSA) - The saying "They don't make things like they used to," may apply to the plumbing in many homes built in the 1970s, 1980s, and 1990s. During those decades, polybutylene was considered the great future of plumbing for the home. Pipes made from polybutylene (PB) cost half as much as traditional copper pipes, and they were lightweight and easy for contractors to install.
PB pipes became the standard for home plumbing in much of the United States, including the Mid-Atlantic, Pacific Northwest, and Sun Belt regions. Approximately 6 to 10 million American homes built during the period from 1978 to 1995 contain PB plumbing, according to home construction data.
However, if a home has PB pipes, its water system is doomed to eventually degrade and fail. The reason? The chlorine present in every public water supply degrades PB pipes and their fittings over time. The questions are when, and how this problem will occur. Chlorine exposure creates small leaks in PB pipes that can turn into large leaks and major flooding. However, a water monitoring system such as FloLogic can help spare homeowners the hassle of an expensive experience in water damage.
The FloLogic System (www.flologic.com) monitors the water flow throughout the home, and acts like a circuit breaker that shuts off the water if it detects any type of leak. The System sounds an alarm at a keypad, and it also can be linked to a home security system. With the FloLogic System, homeowners are instantly alerted to the presence and location of a leak, and can address it immediately.
PB plumbing problems have caused millions of dollars in damage over the decades, and it is often difficult for homeowners to distinguish what their pipes are made of without calling in a plumber. Completely replacing PB pipes can be expensive, but careful monitoring can catch a small leak before it becomes a costly one.
In addition to reducing the risk of water damage, the FloLogic System may even earn homeowners a discount on their insurance, depending on the company.
Visit www.flologic.com for more details on how the FloLogic System can protect your plumbing.
(NewsUSA) - NewsusaInfographic - Investors have obviously caught on. Tired of paying what can be large fees for traditional mutual funds, they've poured $3 trillion into exchange-traded funds (ETFs) -; with $2.09 trillion of that held right here in the U.S. And according to TD Ameritrade, it's millennials, especially, who've been allocating more and more of their portfolios to these baskets of securities that trade intraday like individual stocks.