Yes, you should turn off your air conditioner immediately if it is actively leaking water or refrigerant. Leaving a leaking cooling system running can result in extensive structural property damage, ruined drywall ceilings, warped hardwood flooring, and dangerous electrical shorts if water overflows air handler pans. Furthermore, if the leak involves refrigerant, continuing to run the system will cause evaporator coils to freeze solid into a block of ice, placing catastrophic strain on the compressor motor and risking permanent burnout. Verification: Switch your indoor thermostat mode to "Off" and place towels or a wet-dry vacuum around pooling water.
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