Water damage is a very common cause of losses for homeowners. In fact, people lose billions of dollars due to water damage each year, according to iPropertyManagement. Therefore, you need to ensure that your home is protected at all times. You should also understand the risks and how to minimize the chances of water damage in your home. Here are some other things you need to know about water damage from a water damage restoration company.

Water Damage Statistics

Is water damage a common problem? One of the reasons why lots of homes are affected by water damage is because people don’t think it’s a common issue. Did you know that, according to Ruby Home, at least 98% of basements in the United States experience some level of water damage? This means your home might have experienced water damage at some point. According to Statista, 37% of homeowners in the U.S. claim to have suffered losses from water damage. Apart from that, you should also know that at any given point, about 14.6 million homes in the United States are at risk of flooding, according to ABC News. As a result, about 14,000 homes are affected by water damage on any given day, according to Ruby Home, which leads to losses of up to $20 billion annually, which is mainly spent paying water damage restoration companies.

The Most Common Cause of Water Damage

It’s crucial to understand the risks of water damage. That way, you can fix things around your home and avoid losing money. The number one cause of water damage is plumbing supply systems. Did you know that, according to the Insurance Institute for Business & Home Safety, plumbing system failures account for about 48% of water damage incidences? This type of failure usually costs about $5,092 per incident after the insurance deductible. Of these plumbing system failures, about 65% are caused by some level of damage to the plumbing system material. Fewer than 20% are as a result of frozen or cracked pipes.

Water Damage Health Risks

Water damage isn’t just a threat to your property. It can also cause some serious health issues. The most common threats to the health and well-being of people is mold and mildew, which is caused by water damage. These are significant health risks that produce irritants, allergens, and toxic substances. Apart from that, water also causes slip and fall accidents. It’s also an excellent conductor of electricity, and that means it can cause some permanent bodily damage or, in severe cases, death.

These are some of the things that you need to know about water damage and your home. Are you worried about water damage, or maybe you suspect that there is a leak somewhere in your home causing damage? Get in touch with us today at Hammer Restoration. We are one of the most reliable water damage restoration companies near you and will get your home back to its original condition.