Thicker copper, frostproof taps, liquid sensors & electric shut off, thermo control heat wrap, and combos... yep, that about covers prevention.
The thicker "pipe schedual" and bibs are more important in case of power outages.
I've never encountered steel pipe bursting only crap schedual white pvc & copper. At my old house, I'd loose kitchen water at some point. Those steel pipes froze a hundred times or more since the 40s I'd bet.
The temp. absorbing quality always made me raise an eyebrow to running copper in heat questionable areas.
I'd spray the trains with a protective oil asap. Dry is good, but oil prevents any dry surface from starting with water minerals as a kick start. I'd try a firearms spray-lube for speed, covering with a spray would really speed things.
Heck, get a paint can or bucket and dunk them in non-detergent motor oil. The windings shouldn't care about that. (Ive on the been told right here, thats what he learned for brush motor tune up in the military; motor oil everywhere. My only issue is I feel it would be more likely to hold carbon from brushes in the armature gaps, maybe bridging them )
Some penetrate, watch those on windings. I like "Sheath" from Birchwood/Casey, but I'm not sure if it will attack windings, I'd just avoid that and concentrate on coating wheels, axles, and frames. (hey, wd-40 chases water pretty safely, and will protect short term at least.)
The upside of all the oil is it will be a step towards restoration, and nearly stop the rot in its tracks.
Getting under, or effecting prewar paints is a worry though... case by case
Wood showing signs of molding might be treated with deck wash or wood bleach, which will lighten or even grey the wood, but stops molds.
There may be other, better, chemical treatments for wood today but I don't know much about them to judge. Maybe a boat shop would be worth calling, or even a boating paint company like Valspar (love their products).
I lost my chilhood stuff in a summer flood. I recal Dad swimming to pull the power main. After draining our new pool for a couple days, the trains went to the backyard for sunbathing, but it was too late for many. The already slightly rusty ones went into full bloom and Mom began tossing anything that left a rust stain on the blanket. Today I would have a multitde of oils to spray to save most of them.