The Water Damage Numbers Don’t Lie
12/14/2021 (Permalink)
Being an adult can be amazing. You have the freedom to make choices and do what you feel is right. But like everything in life, it certainly doesn’t come easy or without some kind of risk.
For most adults, it’s a milestone when it’s time to invest in a home. What you might not realize is that when you purchase a home, you take on a lot of other risks.
Water damage is something that can affect any and everyone at some point or another. That’s why it’s important to make sure your pipes and appliances are well-equipped and maintained. While not every instance of water damage can be prevented, being proactive can help limit your risk of becoming a part of the statistics.
24. This is the percentage of all home insurance claims related to water damage. That means that one out of every 50 homeowners files a water claim in any given year.
48. No matter the amount of water in your home, you have to react quickly. It only takes 48 hours before mold will begin to grow and cause major (and much costlier) issues for you. In some cases, it won’t even take that long.
98. As you shop for a home, you should remember that 98% of homes with a basement will experience water damage at some point. If you have a basement, keep a careful eye out for signs of leaks, such as discoloration on the ceiling or walls or a musty odor in the room.
10,234. Water damage can cause some minor issues like messing up a few rugs—or it can cause major issues that affect the structure of your home. This number is the cost of an average insurance claim for water damage.
14,000. At this point, you might be wondering how many water claims are filed each day. Well, here’s your answer—14,000. That’s right, 14,000 water emergencies happen each day here in the United States, meaning that every six seconds someone is having a crisis.
13,000,000,000. The number 13 billion reflects the amount of money paid out each year for water damage repairs. Yes, that’s $13 billion, and it accounts for the United States only.
Before you let these numbers scare you, you should understand that most water damage is preventable. If you’re doing your part in keeping your home well-maintained and making repairs as needed, you will lower your risk of a water situation occurring and be more prepared if one does.
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.