Water damage can occur for a variety of reasons. Excess water in your home can come from pipes that burst or start to leak in your plumbing system, as well as from natural disasters such as hurricanes or flood. Household appliances can malfunction and cause water to accumulate in areas that might not be noticeable.
Water Damage Statistics (link: https://www.simplyjustice.com/water-damage-statistics)
- According to about 40 percent homeowners, they have at least experienced loss from water damage
- A 1/8-inch crack in a pipe can result in the release of 250 gallons of water in a day
- Due to water damage caused by plumbing issues, water leaks etc., billions of dollars are spent each year on property losses
- Among all insurance claims, about 20 percent are related to water damage