The High Costs of Water Damage | SERVPRO® of Conway & Faulkner Counties

2/6/2022 (Permalink)

If water damage catches you off-guard and leaves you all wet, you’ve got help on your side. Contact SERVPRO of Conway & Faulkner Counties.

As a homeowner, water can become a big threat to your home and your possessions. While water helps our world grow and function, it can also cause big problems if you don’t stay aware.

A home has plumbing and appliances that use water every single day. And no matter how prepared or maintained you think your home is, the truth is sometimes things happen that are beyond our control.

But with that said, you can help put your mind at ease by ensuring that your pipes and appliances are well-equipped and maintained. Doing so can lower your risk of becoming a water damage statistic.

24. This is the percentage of all home insurance claims that have something to do with water damage. Almost one in every four insurance claims has to do with water damaging a home or business.

48. This number represents how long you have before your water damage can become a bigger issue, like mold. You typically have only 48 hours before water damage stimulates mold growth in your home—and sometimes it doesn’t even take that long.

98. This is the percentage of homes with a basement that will have water damage at some point. Keep an eye on your basement, looking for signs of a leak, like discoloration or a musty odor.

10,234. Water damage can not only ruin your possessions or equipment—it can also cause major structural damage to a home. That’s why $10,234 is the average amount paid out for water damages.

14,000. If you had to guess how many water damage emergencies happen each day, would you guess 14,000? It’s accurate. That means that every six seconds someone is having to deal with a busted pipe or some other water emergency.

13,000,000,000. In this case, 13 billion is referring to the annual cost of water damage only in the United States. Eye-opening, right?

Some of these numbers can be quite scary, but you can rest easier knowing that most water damage can be prevented. Keep up with the maintenance of your home, regularly checking your appliances and plumbing. Do what you can to help reduce the risk of having to deal with water damage.

If water damage catches you off-guard and leaves you all wet, you’ve got help on your side. Contact SERVPRO to see how we can quickly and fully restore water damage to your home or business.