(StatePoint) A leaky faucet, pipe or toilet is more than just a nuisance, it can lead to unhealthy mold growth and cause costly damage to your home. Such issues are more common than you may think. In fact, two out of five homeowners have experienced water damage.

Fortunately, it’s easier than ever to detect a leak. Beyond the typical warning signs, such as higher than usual water bills and unexplained damp spots on walls and ceilings, new products can help you detect and address water leaks right away. The Flo Smart Water Monitor and Shutoff from Moen, for example, is a game-changing smart water device that offers 24/7 leak detection. If the system detects a leak, your smart water valve will automatically turn off your water to prevent flooding.

Water damage can have potentially devastating impacts. By being vigilant and relying on innovative solutions, you can protect your home, your health and your wallet.