
When you consider the statistics, it becomes clear just how common and devastating a problem water damage can be. According to industry estimates, 14,000 people in the US experience a water damage emergency at home or work each day, and 98% of basements in the US will suffer from some type of water damage during their lifetime. The costs are just as staggering as the frequency. Water damage restoration and mold remediation services cost the insurance industry approximately $2.5 billion dollars per year, and the average cost of a home water damage insurance claim is $6,965.