Water Damage – Know the Numbers
A great article written over at waterdamagedefense.com. Those guys broke down the numbers when it comes to water damage..Share the info to all your fellow home owners!
Home Water Damage
When you consider the statistics, it becomes clear just how common and devastating a problem water damage can be. According to industry estimates, 14,000 people in the US experience a water damage emergency at home or work each day, and 98% of basements in the US will suffer from some type of water damage during their lifetime.
The costs are just a staggering as the frequency. Water damage and mold cost the insurance industry $2.5 billion dollars per year, and the average cost of a home water damage insurance claim is $6,965.
Water leaks alone leave incredible amounts of damage and immense waste in their wake. Water leaks from homes in the US can exceed 1 trillion gallons of water in a year. That’s equivalent to the annual water usage of Los Angeles, Chicago, and Miami combined! These individual leaks often seem tiny, but over time they can generate enormous waste and damage to a home. For example, a continuously running toilet can waste over 200 gallons of water per day, and a 1/8 inch crack in a pipe can spill 250 gallons of water in a day.
Although water damage can happen quickly and cause immense damage, there are ways to prevent a lot of it. If you live in a flood prone area, learn about steps you can take to prepare for a flood, including having flood control devices like sandbags or flood barriers on hand. If groundwater saturation is an issue for your property, ensure that your basement is protected with a high quality sump pump and a dependable backup system, like a battery backup sump pump or a water powered sump pump. Get in the habit of monitoring and maintaining areas in your home prone to water damage; for tips on how to do this, read our eBook on water damage prevention.