January 25, 2018
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The Insurance Information Institute has compiled statistics on the most common causes for home insurance claims from 2006 to 2010. These figures reveal interesting information about water damage claims.
• $6,965 was the average cost of a water damage claim.
• Water damage claims ranked fourth in average costs per claim.
• Fire, bodily injury and property damage, and unauthorized use of credit cards held the top three rankings.
• Wind and hail damage were the most commonly reported claim with water damage and freezing follows behind it in terms of frequency.
Also fire and water damage claims usually include added costs for debris removal. Additionally, water damage can lead to mold growth inside walls and in other hidden areas of the structure. Mold must be removed to maintain a healthy, livable environment after a water damage event.
Titan Restoration of AZ has seen the impact that water damage can have. We are prepared to respond to any water, fire, mold, wind and hail damage that you may experience. For 24 hour service please contact us immediately.
The most common causes for home insurance claims include fire, water damage, mold and storm damage.