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Yes, a water leak poses a major fire risk at your home because water is a conductor of electricity. Water that comes into contact with sparks or electrical wires can instantly ignite flammable materials. Additionally, any type of exposure to water can cause wires and other electrical components within your home to corrode. When assessing categories of water damage, it's important to know that even a small amount of moisture near wiring could cause sparks that lead to a fire.

Costs range from $500 to $5,000, depending on fire alarms, sprinklers, and safety equipment.

Absolutely! Smoke alarms are lifesavers. According to the National Fire Protection Association (NFPA), per 1,000 reported home fires, homes without working smoke alarms have a death rate nearly twice as high as those that do have working alarms. So remember to ensure you have enough installed in your home and that they are working and in good shape.

Baking soda is an effective fire reduction method. However, flour and baking powder are very dangerous around flames. Flour is flammable and it can also conduct electricity. The combination can cause serious injury from electrical shock and worsen the situation by adding fuel to the fire. Baking powder is also not an option as it's also highly flammable.