According to industry estimates, 14,000 people in the US experience a water damage emergency at home or work each day. The costs are just as staggering with water damage and mold costing the insurance industry $2.5 billion dollars per year. Given these astounding numbers, it is no doubt that insurers see leak detection as pivotal, a “must have” in insuring commercial and residential buildings. Fortunately, there are now technology solutions that leverage the Internet of Things (IoT) to minimize these costly water damage disasters. Such solutions are generally comprised of water leak sensors (using water probes and leak detection rope); temperature and/or humidity sensors; a web-based console that provides sensor management; and a LoRaWAN wireless sensing network connected to the internet via an Ethernet or LTE based LoRaWAN gateway. There are, however, important considerations (and red flags!) to keep in mind in purchasing products and solutions.