Knowing your plumbing system is a good first step. Tagging water valve shut offs can help you identify where to cut the water supply in the event of a burst pipe. Additionally, turning off the supply at the valve nearest to your outside hose spigot can cut off the most exposed area of piping to the elements. Finally, wrapping your water pipes with thermal wraps can not only keep the pipes warm when the temperature plunges, but it can also save on heating costs by minimizing heat loss as water travels from your water heater throughout your home.
If you suspect a frozen pipe, immediately cut off the water supply to that area of plumbing. Attempt to slowly thaw the frozen section-the best way to thaw it is with a hair dryer or electric heat wrap. Do not take a torch to the pipe. If you discover a slow drip or leak coming from a pipe, that's a sign that you're too late-the pipe has already burst as water begins to melt away.
As with most potential hazards, prevention is the best form of mitigation. If you plan on being away from your home, do not turn your heat off. Keep your thermostat set to 60 degrees, and make sure all storm windows are sealed shut to prevent cold leaks.
Finally, if you do discover water damage due to a burst pipe, don't delay-call your insurance agent right away. Promptly reporting the claim and allowing mitigation professionals to begin the cleanup and dryout process can help minimize the damage to your home and property.

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