Plumbing contractors can benefit with add-on sales of leak detection devices. Water leaks just may be a homeowner's worst nightmare. While individual leaks may seem tiny, they can cause enormous damage. In fact, water damage and mold cost the insurance industry $2.5 billion a year, according to Water Damage Defense. "Plumbing systems are getting to the end of their operational life, which can cause more leaks and damage," says Dixon Thuston, vice president of StreamLabs and OEM sales, RWC. "In addition, new homes are often built with more bathrooms and more floors. As a result, the number of large losses (more than $500,000) have doubled in number over the past three years, as stated in an article on Best Reviews titled, 'Plugging the Leaks.' This presents a tremendous opportunity for growth in the leak detection market as homeowner behaviors and preferences evolve."
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