How Much Does it Cost to Repair Water Damage?

Repairing water damage can be very expensive depending on the location and extent of the damage. Costly damage occurs when water comes in contact with wood, sheetrock, fabrics, or other biodegradable material like paper or cardboard. Left untreated these develop mold, causing other health and safety issues. The most important aspect of repairing water damage in your home is to catch it as early as possible.

Preventing water damage

If you don't yet have any water damage problems, stopping one before it begins may be your best defense. It may cost you money up front but will save you countless dollars in the long run. Think about varnishing wood surfaces, installing sealants around your doors and windows, looking on your roof for holes, and checking your pipes regularly for leaks or rust to prevent water damage.

Common causes

The most common causes for water damage are:
Leaky roof
Burst pipe
Faulty window and door installations
Broken or leaking water lines
Leaky toilet
It's important to keep an eye out for these causes so you can catch them early on and avoid expensive water damage to your home.

Insurance

Most homeowners' insurance policies will cover water damage as long as the damage is caught soon after it occurs. If the insurance company can prove negligence on the part of the homeowner, then they can refuse to pay. Report leaking roofs and pipes as soon as you discover them so your insurance will cover the damage.
Mold

Mold and mildew are among the biggest and worst damages by water. Mold grows often where it can't be seen, such as the corners of basements, under rugs and carpets, and between walls and baseboards. By the time you find it, there might be extensive damage to your home, not to mention your health. If you think you smell mold, call a mold specialist or water damage restoration company immediately. They can provide industrial strength fans and dehumidifiers to dry out the mold in your home.

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Source: http://docphy.com/business-industry/personal-finance/insurance/much-cost-repair-water-damage.html