Water damage restoration costs $3,814 on average but typically ranges from $1,361 to $6,270, depending on the extent of the damage. On average, water damage restoration costs fall between $3 and $7.50 per square foot, though this depends on the location of the damage.
Water Damage is Expensive to Repair
The average homeowner can spend up to $4,100 to repair a single instance of water damage in their home, according to HomeAdvisor.
Water damage restoration costs can vary widely depending on several factors, including the extent of the damage, the type of water involved, the area affected, and the materials and labor required for restoration. On average, water damage restoration in 2024 can range from $1,200 to $5,000 in the CA, USA.
Number of Annual Water Damage Claims
III data collected from 2018 to 2022 showed one in every 60 insured homes filed a property damage claim due to water damage or freezing each year. The average claim severity was $13,954.
If a house has a latent history of constant water damage occurring, that could cause a property to face its largest reduction in value, approximately 7.3 percent of its overall value.
First and foremost, it's important to understand that a home with water damage can be a major financial investment. Not only will you need to make repairs to the property, but your insurance rates may go up once you own a water-damaged house.
Sometimes water damage is covered by a standard homeowners insurance policy, and sometimes it isn't. It all depends on what caused the damage in the first place. In general terms, water damage that is considered “sudden and accidental” will most likely be covered by your homeowners policy.
Most people know about the significant dangers of untreated water damage, including how it can stain your floors and walls, promote mold growth, and weaken your property's structural strength. Those effects are bad enough to call a plumber and water restoration company as soon as a leak hits.
Take steps to protect your health and safety when reentering your flooded home. When returning to a home that's been flooded after natural disasters such as hurricanes, tornadoes, and floods, be aware that your house may be contaminated with mold or sewage, which can cause health risks for your family.
Clean water damage, such as from a broken pipe, is relatively easy to clean up and repair. Gray water damage, which may contain contaminants, requires careful removal and disinfection. Black water damage, caused by sewage or flooding, is hazardous and should be handled by professionals.
From our experience it most of the time it takes around 72 hours for the material to dry and will take around 1-2 weeks for the water damage repair process. If your home has actually been water damaged you are probably already worried. Knowing how much time water restoration takes can offer you some peace of mind.
Causes. Water damage can originate by different sources such as a broken dishwasher hose, a washing machine overflow, a dishwasher leakage, broken/leaking pipes, flood waters, groundwater seepage, building envelope failures (leaking roof, windows, doors, siding, etc.)
The answer to, “Can water damage fix itself?” is no, unfortunately. If you don't take action in the moment to minimize the damage, it can last longer and get worse. How long it takes to dry out your home really depends on how quickly you can get rid of all traces of moisture.
The Environmental Protection Agency (EPA) and the Centers for Disease Control and Prevention (CDC) say so. A single water leak can quickly lead to mold if not fixed right away. This shows how important it is to control moisture and prevent mold after water damage. Moisture and mold spores are everywhere.
How Long Does It Take For Water To Damage Foundations? Water can compromise your foundation's strength in as little as 72 hours under severe conditions, though the process often takes months or years. The concrete damage usually starts subtly—hairline cracks slowly widen, creating paths for water seepage.
Under most standard home insurance policies, if water damage occurs suddenly or accidentally from a source inside your home, such as a busted pipe, it will likely be covered by your homeowners insurance. If the water comes from outside your home, it will not be covered by your standard policy.
It's unlikely that most of your loss is deductible on your taxes, though, unless it occurred because of a federally declared disaster. If you have hazard insurance on your home, you should file a claim with your insurance company for the damage caused by the leak.
Dwelling coverage, on your condo or homeowners policy, may pay to repair or replace your floors and carpet if they're damaged by a covered peril. For instance, if your home's floors are damaged in a fire, your home insurance may pay for new flooring, up to your policy's limits and minus your deductible.
Reasons for denial can range from the nature of the damage itself—such as gradual damage that occurred over time—to issues with how the claim was filed, including missed deadlines or insufficient documentation. Furthermore, unreported property modifications can also lead to complications during the claims process.
If your property or belongings were damaged as a result of the water leak, you may be able to file a claim with your insurance provider or take legal action against the liable party.
So, does homeowners insurance go up after a claim? Absolutely, but now you know why and how. You've learned that the type of claim matters—water damage or theft could hike your rates more than others. You understand filing multiple claims might not only raise costs but also risk policy renewal.