The present invention is a water conservation safety shut-off valve assembly for use on locations which normally have intermittent water usage but need to indicate when there is constant water usage, such as a leak. The valve assembly has a valve body with a fluid pathway and a valve plug held in an open position allowing water to flow through the pathway. As water flows through the pathway, a sensing device detects water flowing through the pathway and starts a timer. The valve closes the pathway, stopping the flow of water through the valve assembly when the time elapses. The valve assembly indicates whether the valve plug is in an open or closed position.