Water damage from plumbing leaks or flooding is one of the leading causes of property damage claims and can be among the most complex to remediate and restore. Damage can occur everywhere water reaches within the property and, depending on the source, can contain unsafe levels of bacteria, viruses or toxins. Plus, the longer water is allowed to set, the more extensive the damage becomes, putting pressure on claims adjusters and restoration professionals to move quickly. That is being made possible today by emerging technologies that are improving the speed and accuracy of claims processes.
According to the Insurance Information Institute, about one in 60 insured homes in the U.S. experienced property damage due to water between 2017 and 2021, with average losses of more than $12,000.