Water and Mold Damage Statistics

Broken pipes or flooding happens.  We all know this.  So , what are the real numbers behind this?  How damaging can it be?  Here are some statistics that may surprise you.

• Damage from water and freezing pipes made up over 21% of ALL insurance claims in 2003.*
• On average, individual damage from water claims cost insurers $4,925 in 2002. **
• A 1/8-inch crack in a pipe can release up to 250 gallons of water a day.
• A small water pipe leak inside a wall or under a slab may go undetected for months.
• Damp wood and sheet-rock provide excellent conditions for toxic mold.
• Water and mold damage cost insurers $2.5 billion nationally in 2002.*
• Almost 90% of copper pinhole leaks occur on horizontal runs of pipe.
• Recent improvements in water quality contribute to accelerated corrosion and failure of copper pipes.
• Some insurers now refuse to cover mold claims under existing policies.
• Lack of early detection of water leaks can reduce your ability to collect from your insurance company. Insurance claims for damage from water are frequently denied if the cause of the damage has existed for more than 24 hours.
• 37% of all homeowners claim they have experienced losses due to disaster damage.***

Found at http://www.leakalarm.com/water-and-mold-damage-statistics.php

Damage from water is a problem, and here at Done Right Carpet and Restoration we know that the faster the problem is taken care of the better results you will have as a customer.  We are available 24 hours a day, 7 days per week.  We answer our phone personally because that’s how we feel business should be done.  Our customers matter and we want you to know that.  Our 30 minute response time is second to  none.

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