That applies to basements and below ground rooms, to some lower level bathrooms and laundries, and to surface water collecting in a pit that cannot drain away by itself.
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For a burst pipe or a serious leak, turn the water off at the mains tap before you call. If water is anywhere near power points, the switchboard or light fittings, stay clear and treat it as an electrical hazard. Do not enter standing water in a room with live power.
