Water Damage Statistics

Elements of Restoration can help you with any size water damage restoration project whenever water damage strikes. Big or small, our company can help you with extraction, drying, and cleanup services.

  • Water damage is the second-most common cause of property damage claims in the United States. In 2020, an estimated 2.2 million water damage claims were filed with insurance companies, resulting in $20 billion in losses.
  • Water damage affects around 14,000 people in the United States every single day. One in every 60 insured homes will experience water damage annually.
  • The average cost of a water damage claim is $11,650. However, the price can vary depending on the severity of the damage. For example, a significant flood can cost hundreds of thousands of dollars to repair.
  • Water damage can occur in any part of the home, but it is most common in the basement, kitchen, and bathroom. These areas are more likely to have leaks or flooding due to their proximity to water sources.
  • Water damage can cause various problems, including mold growth, structural damage, and electrical issues. If left untreated, water damage can lead to serious health problems, such as respiratory infections and allergies.

Water Damage Statistics by Elements of Restoration

  • There are several things that homeowners can do to prevent water damage, such as:
  • Regularly inspecting plumbing for leaks
  • Installing a sump pump in the basement
  • Cleaning gutters and downspouts
  • Maintaining HVAC systems

If you experience water damage in your home, acting quickly to prevent further damage is essential. You should immediately turn off the water supply and contact a water damage restoration company immediately.

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