According to the Insurance Information Institute, one in 50 insured homes has a water damage claim each year. These damages may vary in range from small leaks to complete flooding. No matter how bad the damage it must be repaired right away and it is not always cheap.
Water damage can be caused by many different things and cause many different types of damage including:
- Rotting of wood
- Causes mold to grow
- Rusting of metal
- Delamination of materials such as plywood
This type of damage is oftentimes irreversible, the material must be replaced. The cost can vary depending on the extent of the damage. The average homeowner spends between $1,127 and $4,418 to restore or repair water damage, with an average of $2,669. There are 3 main types of water damage, sewer and water backup, overflow and discharge, and flood.
Sewer and water backup is where the drain pipes get clogged and the water that should be draining now gets backed up into your home. This can be caused by tree roots, aging sewage systems, or even city-related issues.
Overflow and discharge is the type of water damage most people think of when it comes to water damage. Overflow involves water overflowing from water pipes, appliances or any other source of water in your home.
Flooding normally refers to excess water coming from outside your home and “flooding” into your house.
Water damage can be very expensive to repair. These issues can also make very hard to sell your home. The good news is that Sell Home Maverick will buy your house As-Is and we close quick. We take care of all closing costs and since there are no real estate agents you won’t have to pay any commissions. We make the process fast and easy. Start by giving us a call or submit your info below and we’ll help guide you through your options.