FinTech Magazine March 2020 | Page 24

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INDUSTRY FACTS
According to US Housing Study and Chubb Water Survey , 1 in 12 homes experience a plumbing leak each year with more than 2.5 million US homeowners experiencing water damage ( excluding flooding ) annually . US $ 10bn is paid annually by US insurance carriers to repair water damage ( excluding flooding ) each year .
MARCH 2020