Water Damage Numbers That Will Have You Reeling
There’s a potential damage source running through your home at every moment—your water supply, being held in place only by your pipes, appliances and supply hoses. This water supply can do swift, sweeping damage if it breaks containment. That’s why having a well-equipped and maintained plumbing system is of great importance.
When you get a good look at some of these water damage numbers, you’ll start to see the incredible amount of damage happening all over the country every day, and the absolutely astonishing cost of making it all right again.
24. It’s the number of hours in a day, but it’s also the percentage of all U.S. home insurance claims that are based on water damage. One out of every 50 homeowners this year alone will encounter a water issue that requires insurance-level repair or restoration.
48. You’ve got 48 hours max, and as few as 24, before mold starts growing. This is one of the most important reasons water damage has to be dealt with quickly; mold will begin growing well before you can see it on surfaces.
98. There’s not much to say about this one except, “May the odds be ever in your favor.” This is the number out of every 100 basements that will flood or experience water damage eventually. So you might be able to avoid this one if you catch all your houses during the right time periods, but those basements are most likely going to end up being somebody’s problem.
10,234. This is the amount of the average water insurance claim. Look at that number again and consider the cost of a little preventive leak repair or updates to plumbing versus the cost of repair. It’s worth it to act quickly.
14,000. If you circled today’s date on your calendar, there would be 14,000 tiny burst pipes or floods living inside it, one for each actual event that will happen somewhere in the United States today. Yes, today alone, every six seconds, someone is calling an insurance agent about a water issue.
13,000,000,000. This is the annual amount spent on repairs and restoration of water damage events. That’s 13 billion. Over 400 dollars per second are going toward repairing someone’s burst water heater or a leak that got out of hand.
Incredible, isn’t it? It’s honestly a little overwhelming, but don’t fret. Keeping your plumbing up to date and in good working order, staying on top of leaks and replacing hoses regularly can help you do your best at being part of the prevention of these numbers, rather than being a victim of them.
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.