Study shows homeowners 50+ are delaying home repairs..
New research from The Hartford and MIT shows that 49% of homeowners who are 50 years and older are delaying important home repairs. This percentage grows as homeowners reach 70 years and older. Fire, water, pests and weather are causes of the most significant damages to homes. According the AARP homeowners insurance for The Hartford, water damage from heating, plumbing and air conditioning are the most common cause for insurance claims, followed by wind damage. Shockingly, of those who were interviewed for this survey, only 16% believe that water leaks could cause serious damage. Putting off home repairs could also cause claims to be denied if you had prior knowledge of damage. Don’t delay in repairs, a small leak could cause a flood!