Water or flood damage to your home can be extremely expensive to repair: According to the National Flood Insurance Program, the total cost to repair a 2,000-square foot home that has six inches of water damage would cost $39,150 on average.
Costs included in those repairs include:
- Cleaning fees.
- Refinishing or replacing flooring.
- Repairing doors, windows, and trim.
- Repairing electronic devices.
- Electrical and plumbing work.
Four common water damage situations are listed below. Do you know if your home is covered, and how your insurance company might handle them?
- Burst Pipes
- Washing Machine/Dishwasher Leaks
- Roof Leaks
- Flood from a Storm (Hurricane, Tornado, Blizzard etc.)
The article Does My Insurance Cover Water Damage, from Netquote.com, helps to shed some light on what may or may not be covered and the different circumstances that play into the decision.
Look over your existing home insurance policy closely and ask your agent questions about what’s covered in various scenarios. If you take these precautions, you may be able to avoid paying out of pocket for costly surprise repair fees.
Of course, doing everything you can to avoid water damage by properly maintaining all appliances and structures associated with your home that could be associated with water leakage. Here are 10 steps you can take to keep your home nice and dry!
- Disconnect outdoor hoses when not in use (standing water in a hose can freeze and block pipes)
- Clean gutters and downspouts (at least twice per year)
- Maintain trees and vegetation (to prevent roots wrapping around and possibly breaking pipes)
- Know the location of your water main (shut it off if you’re gone for an extended period)
- Check appliances regularly for leaks
- Investigate leaks right away and fix promptly
- Upgrade washing machine
- Install water detection devices
- Check your water pressure (water pressure set to high can cause pipes to fail)
- Monitor your water bill (if there’s a jump in your usage, track down the source ASAP)
Additional Sources: Angieslist.com – 10 Tips to Avoid Water Damage
Under Water? NBD Can Help!
The effects of Water Damage compound over time, with heat causing additional damage.
Organic compounds found in building materials such as paper, wood, and drywall provide a source of food for mold allowing progressive growth if left unattended.
NBD International Inc. has IICRC trained technicians that respond immediately to minimize your property loss.
Call us Today @ 800.929.3398