Whether the water leak is under the sink, behind the refrigerator, or under the concrete slab, it can lead to lots of damage and expensive repairs. A water leak can happen in a blink of an eye, but the damages it caused may not become apparent for some time. The small pinhole leak in the pipe between the wall may not be noticed until the pain started to peel or mold appears.
What many homeowners don’t realize is that water leaks resulting from normal wear and tear and neglecting maintenance are not covered under most insurance policies. Water damage from broken plumbing pipes and freezing make up over a third of insurance claims, according to the Insurance Information Institute. In 2014 property damage was the most popular insurance claim.
The average cost of water damage, from a leaky pipe or ruptured appliance hose, or freezing claim, from frozen pipes or frozen gutters, was about $8,000. This included cleaning up from any mold.
Though some insurance policies do not pay for the broken pipe, it may cover the damage it caused to the furniture, floors, or walls.
Many homeowners overlook the warning signs of a water issue. A stammering faucet, slow drain, the sound of running water, warm spots on the floor, peeling paint, and mold are all signs of a water leak.
How Can Hiring a professional water leak detection service help save you money?
The Leak Doctor partners with insurance companies to quickly locate the source of a water leak and offer the best solution to resolve the issue. The fact is, just because the homeowner just noticed the water stain on the bathroom wall, or the hardwood floor buckling, or crack in the tile, doesn’t necessarily mean the leak just happened. A small water leak can go undetected for quite some time before the damages are noticed.
