Investigation of insurance claims found that 69% of all water heater failures result from a slow leak or a sudden burst. In addition, water heaters located on the first floor resulted in 33% greater losses than those resulting from water heaters in basements. Consider these three areas when determining the amount of risk:
- Do you see any signs of water, rust or corrosion?
- Is your tank filled with sediment, scale and lime build up?
- Is your gas water heater vent piping good condition and fully intact?
Most water heaters are designed to last from ten to fifteen years. Usually the last two digits of the tank’s serial number represents the year the tank was manufactured.
Energy Star lists water heaters as the second largest consumption of energy in the home. Older and lower efficiency water tanks can be quite costly to use and the cost is continually going up. A high-efficiency gas water heater can save you up to 7% per year on your water heating costs.
According to the Insurance Institute for Business & Home Safety, water heater failures cost and average of $4,444 per incident after the deductible was paid. Which would you prefer dealing with the insurance company or saving your money now by replacing your water heater with a new efficient one that will last at least another decade?
Check out our web page to find out how it works: High Efficiency Water Heaters
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