How To Prevent Your Pipes From Freezing: (sourced various websites) When temperatures plummet, the risk of your pipes freezing and bursting skyrockets. In fact, burst pipes are one of the most common causes of property damage during frigid weather and can cause thousands in water damage—easily $5,000 or more, according to the Insurance Institute for Business and Home Safety. The pipes most at risk are those in unheated interior spaces such as basements, attics, and garages. B