5 Shocking Statistics on Residential Water DamageOctober 1st, 2018
Do you know what to do in the event of a plumbing emergency? If not, you may be putting yourself and your family at serious risk of home water damage. Read on to learn five surprising statistics on water damage.
- Water damage comes along with a serious bill. Plumbing contractors in Montgomery County know firsthand how quickly a leak or cracked pipe can cause damage. The average plumbing repair bill is about $5,092.
- Insurance companies shell out huge amounts of money for water damage. Think that last number is staggering? Insurance companies pay out a whopping $2.5 billion each year to homeowners for water damage coverage.
- More homeowners are dealing with water damage than you might think. Plumbing emergencies are unfortunately not very rare — about 14,000 homeowners will be forced to deal with a leak or other plumbing emergency every day.
- The most common cause of water damage? Burst pipes. The leading cause of water damage in the United States is burst pipes, an issue that makes up about 18 percent of claims for emergency plumbing repair. This means that the winter season can be especially dangerous for your pipes!
- A tiny crack can result in a large amount of water lost. It doesn’t take a massive crack to cause large losses of water. A pipe crack as small as 1/8th of an inch can lose as much as 250 gallons of water every single day.
Common Causes of Residential Water Damage
Fighting back against water damage doesn’t only help you avoid expensive repair bills — it can also help maintain the value and structural integrity of your home. But what exactly causes water damage, and where should you be focusing your resources if you want to avoid it? Below are some of the most common causes of residential water damage.
- Damaged pipes. Plumbing systems can often see stoppages and damage that causes water to leak from them. This is a particularly large problem in older homes, especially if the plumbing system hasn’t been well maintained. If you’ve seen both water damage and a spike in your water bill, your pipes might be the culprit.
- Appliance hoses. As your appliances begin to age, hoses that connect the appliances to your water supply may begin to rust or break down. When this happens, water can start to leak into your walls or create a puddle on your floor, causing damage.
- Natural disasters. Natural disasters like hurricanes and tropical storms can also create water damage in your home. But you don’t need to live on the coast to experience flooding in your home. If you live next to a creek or pond that has the potential to overflow, you could be facing a flood in your basement or the first level of your home the next time it rains.
Some Things You Should Know About Insurance Companies and Water Damages
Most homeowner’s insurance will help you cover water damage. However, there are limitations that dictate when you can use your insurance to pay for damage. For example, most insurance policies exclude coverage for water damage resulting from flooding. This means that if your basement becomes flooded after your water heater bursts, your insurance will help you pay for damages. However, if your basement is flooded after a tropical storm passes through or your pond overflows, you’ll need to cover repairs out-of-pocket.
Consult with your insurance company to learn more about the types of water damage that are covered under your policy. Most insurance companies will allow you to extend your coverage to include flooding damage in exchange for a small monthly fee.
If your plumbing system is damaged or you’re dealing with a leaking pipe, you should immediately call for emergency plumbing in Montgomery County to prevent the problem from getting worse or causing additional damage to your home. Guaranteed provides 24/7 emergency plumbing repair — call 215-240-8610 for immediate attention if you should ever find yourself cleaning up the mess caused by a plumbing disaster!