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The average insurance claim for water damage and freezing amounts to $11,650 according to the Insurance Information Institute. Further, roughly one in fifty homeowners file a claim every year for this widespread type of property damage. These numbers do not include the homeowners who fail to, or otherwise do not, file an insurance claim. In short, water damage is one of the most common and costly causes of property damage. In this brief article brought to you by Tidal Wave Restoration, we break down the costs associated with water damage cleanup and water damage restoration. Call Tidal Wave Restoration if you are looking for professional services in the Metro Atlanta area.
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The costs of water damage depend on a number of factors, including the type of water damage, the cause of the damage, as well as the location of your property. Let’s dive into the main costs in order.
We begin the water damage cleanup with an assessment and inspection of the extent of the water damage. Many homeowners schedule this $200 to $500 service before or concurrent to the insurance agent’s assessment to get a third-party, objective evaluation of the damages.
The first step of the actual cleanup process involves extracting the water using specialized equipment, and the cost of this service depends heavily on the category of water damage as well as the volume of water. Generally, water extraction will cost between $3 and $7 per square foot.
With the bulk of the water removed, we move on to drying and dehumidifying the property. Again, this requires specialized equipment like commercial-grade dehumidifiers and the cost will depend on the size of the affected area and the duration of the drying process. You can expect to pay between $3 and $4 per square foot for drying services, though this service may be included in the water extraction process.
Finally, if the water damage is not addressed quickly, the homeowner will likely confront mold and mildew growth. The cost of mold remediation depends on the extent and depth of the damage and can range between $10 and $30 per square foot.
After the water damage has been cleaned up, you will be left with a sanitary yet unfinished property. The next step is to restore the affected area to its original condition. This can include repairing or replacing building materials such as drywall, flooring, cabinetry, and so forth. The cost of repair will vary depending on the materials used as well as the size of the area affected. On average, repair and restorations can cost several thousand dollars. Many times, the cost of painting and finishing the materials will be included.
You have not been paying your property insurance premiums for nothing! Most sudden and unexpected water damage is covered by home insurance policies but check your specific policy to be sure. The professionals at Tidal Wave Restoration are here to help you file your insurance claim, and we can even bill your insurance provider directly! If you have water damage in the Metro Atlanta area, then call Tidal Wave Restoration to have a specialist dispatched to your location and assess the damage as soon as possible. Let’s make sure the insurance agent does NOT lowball you!
