Water damage is one of the most familiar types of property damage that homeowners come across. Statistics by the Insurance Information Institute reveal that each year, at least one out the 50 insured homes claim insurance for water damage. It is, therefore, useful for you to know about the cost of water damage restoration. Typical home insurance covers different types of water damage. Although water damage restoration is typically understood to be the costs associated with water removal and cleanup, there is more to it.
The total restoration and repair costs are often reached by taking into account 3 sets of costs involved:
- Water removal, cleanup, decontamination and ventilation costs (the typical water damage restoration costs)
- The costs of structural repairs (if any)
- The cost associated with fixing or replacing the damaged fixtures or mechanical equipment, such as appliances, etc.
It is said that on average, water damage restoration can cost anywhere from $2700 to $7500. However, these are just estimates that are there to give you a perspective on things here. There is more to water damage restoration costs as they can vary depending on a number of factors that we’ll see below. If you happen to experience water damage in Arlington, Benbrook or Fort Worth, Texas, call STOP Restoration. They’ll be happy to provide you with a quick estimate of the costs.
Costs Associated with the Types of Water Damage
Typical water damage restoration and the subsequent costs of repair will vary depending on the kind of water damage that your property sustained.
If you have a clean water damage situation at hand, the water invading your property will be clean, such as that from an overflowing faucet, rain, or a broken supply pipe. This costs the least in restoration and repair. Estimates suggest that it costs around $3.75 per square foot to deal with this type of water damage.
Grey Water damage is when the water you’re dealing with is slightly contaminated. This could be from an appliance such as a malfunctioning washing machine or a dishwasher, etc. Estimated costs of this category of water damage are about $4.50 per square foot.
Black Water Damage is the worst of them all. The water here is contaminated as the source is usually a sewer backup or natural flooding. This exposes your property to bacteria, viruses, debris, sewage, or other hazardous contaminants. This category of water damage will cost you the most in water damage restoration and subsequent repairs. Estimates suggest it could be $7 per square foot or more.
Repairs after Water Damage
Generally, when we speak of water damage, we seem to not take into account the costs of repairs that one must undertake post-cleanup.
This largely depends on the extent of the damage caused by the invading water. Now if the water damage was limited to a small patch of area, for example, in the case of a leaking faucet or a leaking roof, the restoration and repair will not be that costly. However, in case of a basement flooding, whether from a sewer backup or natural causes, the extent of damage is great, and the area affected is huge. This adds additional steps to the restoration process, such as decontaminations, debris removal, and more. Furthermore, it leaves a long list of repairs post-cleanup; from appliances, fixtures, and furniture to structural repairs.
With all that said, one of the easiest ways to minimize the cost of water damage restoration is to contact the water damage restoration professionals on time so that mitigation and restoration efforts can kick off at the earliest. If you ever require any water damage restoration services in Fort Worth, Texas, give STOP Restoration a call on 682-703-0213. We are equipped with the knowledge, the experience, and the best equipment and requisite tools to carry out water damage restoration.