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Water backup coverage: This endorsement provides coverage if your home’s sewer or water lines backup into the drain, toilets or showers from issues like clogged pipes or broken drains. These ...
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.
For example, if your coverage limit was up to $200,000, but the cost of rebuilding your home is $250,000, an extended replacement cost endorsement that covers up to 25 percent more than the policy ...
Home repair involves the diagnosis and resolution of problems in a home, and is related to home maintenance to avoid such problems. Many types of repairs are " do it yourself " (DIY) projects, while others may be so complicated, time-consuming or risky as to require the assistance of a qualified handyperson , property manager , contractor ...
Home or residential renovation is an almost $300 billion industry in the United States, [5] and a $48 billion industry in Canada. [6] [full citation needed] The average cost per project is $3,000 in the United States and $11,000–15,000 in Canada. Professional home improvement is ancient and goes back to the beginning of recorded civilization.
For example, it is estimated that 500 million m 3 of contaminated water per year can leak into soil and ground-water in Germany. [4] The rehabilitation and replacement of damaged sewers is very costly. Annual rehabilitation costs for Los Angeles County are about €400 million, [5] and in Germany, these costs are estimated to be €100 million. [6]
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