Water Damage Repair Costs and Foundations

Why is Water Damage so Expensive?

Water damage is a common and costly problem for homeowners. The average cost of water damage repair is $2,500, but it can easily exceed $10,000 in severe cases. There are several reasons why water damage is so expensive to repair:

• Water damage can cause structural damage to your home. Water can weaken the foundation of your home, damage the framing, and rot the drywall. These repairs can be very costly and time-consuming.
• Water damage can damage your personal belongings. Water can ruin furniture, clothing, electronics, and other valuables. Replacing these items can be expensive.
• Water damage can lead to mold growth. Mold can cause health problems and can be difficult to remove. Mold remediation can be expensive and time-consuming.
• Water damage can increase your insurance premiums. If you have a history of water damage, your insurance premiums may increase. This is because insurance companies view water damage as a high risk.