It doesn’t matter where you live or your home’s value – no one is immune to leaks. In fact, water damage insurance claims are 3 times more common than theft and fire combined.
The average cost of water damage repair and cleanup can range anywhere from $1,000 to $20,000, but the cost isn’t the only problem. Leaks can ruin sentimental items and cause your family to be displaced until renovations are complete. Your insurance premium may increase, or your coverage could be dropped entirely. Memories and security can be lost in a matter of minutes.
The good news? This upheaval of your life is avoidable if you catch leaks in time.