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Just one inch of water in your home could cost up to $25,000 or more to repair, which means that most of the flooding damage from Helene will cost much more. ... to repair storm-related damage to ...
According to the Insurance Information Institute (Triple-I), the cost of water damage to homeowners between 2017 and 2021 averaged $12,514. What’s worse, this type of damage is common ...
“Over a short period of time this ended up causing a huge amount of water damage on the inside of the house, and that then turned into mold damage, and that’s when they finally noticed what ...
An insurance policy may or may not cover the costs associated with water damage and the process of water damage restoration. While a common cause of residential water damage is often the failure of a sump pump, many homeowner's insurance policies do not cover the associated costs without an addendum which adds to the monthly premium of the policy.
Water infiltration is one of the most insidious sources of home damage. Small leaks can lead to water stains, and rotting wood. Soft, rotten wood is an inviting target for termites and other wood-damaging insects. Left unattended, a small leak can lead to significant structural damage, necessitating the replacement of beams and framing.
A soft cost to a contractor, such as his administration costs, can be a hard cost to the owner because what the contractor invoices the owner is the owner's direct cost. If the owner employs engineers to overlook construction as the project is executed, this will be a continuing expense during repair if the repair is done after the original ...
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