The Price of Water Damage | SERVPRO® of Cedar Mill/Oak Hills

12/10/2021 (Permalink)

If water damage catches you off-guard and leaves you all wet, you’ve got help on your side. Contact SERVPRO of Cedar Mill/Oak Hills.

When you own a home, you take on a lot of extra responsibilities to ensure that you are keeping it well-maintained.

And while we work hard to help ensure that we are protecting our homes, sometimes things simply happen. The longer you live in your home, statistically speaking, the higher the chance you will experience some kind of water damage.

You can help reduce your risk by making sure your pipes and appliances are well-equipped and maintained. While nothing is ever certain, you can at least rest assured knowing you are doing your part in helping protect your possessions.

24. This number represents the percentage of all home insurance claims that relate to water damage. That means that one out of every 50 homeowners files a claim for water damage in a given year.

48. This is how many hours it takes before your water-damaged home becomes a home full of mold. The quicker you take action against water in your home, the better.

98. Homes with basements might seem pretty unique, but when it comes to water damage, they have a high probability of experiencing water damage. Some 98% of all homes with a basement will have at least one claim for water damage.

10,234. This is the average amount of money an insurance provider pays out for water damage. Even a small amount of water can cause big damage.

14,000. While you may think this number represents a dollar value, it doesn’t. It is the amount of Americans who encounter water damage each day. Not each month—each day!

13,000,000,000. Billions of dollars seems unimaginable to most people, but in the insurance world, billions is what they pay out each year! To be exact, insurance claims pay out $13 billion annually for water damages.

So, as you can see by the numbers, water damage can become a big deal. It doesn’t take much water to create a major issue for your home. The good news is that many water damage incidents can be prevented by taking care of and maintaining your home’s appliances and plumbing. Do your part to lower your risk.

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.