Seven Things You Should Know About Water Damage
1. Water damage is one of the most common and costly types of property damage worldwide. It can result from various sources, such as floods, burst pipes, leaking roofs, or faulty plumbing. According to the Insurance Information Institute, water damage is the second most frequently filed insurance claim in the United States, after wind and hail damage.
2. According to Insurance Institute for Business & Home Safety, approximately 14,000 people in the U.S. experience a water damage emergency at home or work each day. The leading cause of water damage is problems with plumbing, which is around 65% of all water damage incidents.
3. There is approximately $150 million spending in property damage annually in the U.S because of water leaks from faulty washing machine hoses. According to the Environmental Protection Agency (EPA), the average household’s leaks can waste more than 10,000 gallons of water per year, which is enough to fill a swimming pool.
4. The Centers for Disease Control and Prevention (CDC) reports say that water-related damage and mold are associated with respiratory symptoms, allergies, asthma, and other health issues. That is why it is important to start eliminate problems with water damage immediately.
5. According to the Insurance Information Institute, water damage claims are among the most frequent types of homeowner insurance claims in the United States. The research shows that water damage is responsible for approximately 30% of all property insurance claims. Around $ 10,000 is the average cost of a water damage insurance claim in the United States.
6. In 2017, Hurricane Harvey caused extensive water damage in Texas and Louisiana, resulting in an estimated $125 billion in damages. It was one of the costliest natural disasters in U.S. history.
7. Washington, D.C., is susceptible to water damage due to its geographical location. It is situated on the banks of the Potomac River and bordered by the Anacostia River, making it prone to flooding during heavy rainstorms or when these rivers overflow.
