I use a Zipato as an automation / security device. Once I'm finished with my basement, I'll be adding Z-wave water sensors along with an automated shutoff valve on the main feeding the house. That way if a water sensor is tripped, the main shutoff valve can be close by the controller.

I realize that it might not be from a burst pipe and could be from a backed up sump pump, but I'll still get both a text / push notification from the app. It can also be programmed to do anything else I want, such as set off the alarm siren, flash the lights in the house, etc.