This is only the damage paid by insurance companies. It does not include the thousands of unreported losses. Nor does it cover lost time and productivity. Floods in single family homes can devastate a family. However, a broken hose in a condominium or apartment can devastate many families.
Condominiums have more severe personal losses because of the value of the home furnishings.
Apartment owners also have lost rental income on turnover losses. The Only Hose You Can Trust Floodchek hoses were designed and engineered specifically for the multi-family industry. It is fair to say that they are the most over-built hose on the market today. Most hose failures start inside the hose. Consequently, the outer coating will look strong until about 30 minutes before failure.