Contending with property damage is an undesirable – yet unavoidable – reality of condominium management.

One way to ensure a building gets the best insurance rates is to lower its potential water risks by taking proactive steps to prevent damage and over-consumption.

While climate change has increased the prevalence of weather-related floods, water damage due to plumbing and appliance failures happen daily—and sadly, they are often preventable.

Extreme weather events are directly impacting the cost of residential property insurance, but there are ways to keep rising costs at bay.