Search
Close this search box.
Search
Close this search box.

What Could Cost Homeowners with Property Damage Restoration?

Homeowners Insurance Replacement vs Repair Cost Policies

We all know that disasters happen. They come in many forms – hurricanes, floods, fires, and even earthquakes. The National Flood Insurance Program (NFIP) has said that 90% of all-natural disasters in the US involve flooding. So, water damage can occur just about anywhere, at any time.

Water damage is one of the most common and costly types of property damage. In fact, it’s the second most frequent type of insurance claim (after wind and hail damage). According to the National Flood Services, the average cost of water damage services is $3.75 per foot and can easily increase, depending on the damage extent.

So what does this mean for homeowners? It means that if you live in an area prone to floods or other water-related disasters, it’s important to have a plan for property damage restoration. And while water damage restoration can be costly, the alternative is often worse. If a disaster damages your home, you will likely need to hire a reputable property damage restoration company to help you get your life back to normal.

Here are some factors that affect the cost of damage restoration services:

1. The type of damage

There are various water damage types, and each requires a different kind of repair. For example, if a sewage backup has damaged your home, you need to have the affected area cleaned and sanitized. This is a much more intensive (and costly) process than simply cleaning up water from a broken pipe.

2. The size of the damage

The size of the damage is another important factor in determining the cost of restoration. A small leak in your roof may only require a few hours of work and a few thousand dollars to fix. However, if your entire basement has been flooded, it will take days or even weeks to restore, and the costs will be much higher.

3. The location of the damage

The damage location is also a factor in the cost of restoration. Water damage in a basement is usually more expensive to repair than water damage in an upstairs bathroom. This is because basements are generally larger and require more work to restore.

4. The extent of the damage

The extent of the damage is perhaps an essential factor in determining the cost of restoration. The repairs will be less extensive (and less expensive) if a small area has been affected. But if your entire home has been flooded, the repairs will be much more extensive (and much more expensive).

5. The time it takes to restore

The time it takes to restore your property will also affect the cost. If you need your property to be restored quickly, it will likely cost more than if you can wait a few weeks for the repairs.

6. The company you choose

The company you choose to restore your property can also affect the cost. Note that some companies charge more, so you should compare prices before hiring a company. Choose restoration professionals near you so that they can quickly respond to your emergency.

7. Your insurance

Your insurer will likely cover at least part of the cost if you have insurance. However, if you don’t have insurance, you will be responsible for the entire cost of the repairs. Water damage caused by flooding is not typically covered by homeowners insurance, so you will likely need to pay for the repairs out of pocket if your home has been flooded.

If you are in a flood-prone area, it’s best to purchase flood insurance to protect yourself from the high cost of repairs. Keep in mind that similar to learning more about how to get health insurance (especially during these times of coronavirus), reading your homeowners’ insurance policy thoroughly, and talking to your agent can help you understand what is (and isn’t) covered.

8. Your deductible

Your insurance deductible can also affect the cost of restoration. If your deductible is $500 and the damage costs $5,000 to repair, you will only need to pay $500. However, if your deductible is $2,000 and the damage costs $5,000 to repair, you will be responsible for paying $2,000 out of pocket.

The Bottom Line

The cost of property damage restoration can vary widely, depending on the factors mentioned above. However, one thing is certain: the restoration cost is always less than the replacement cost. If your property has been damaged, don’t wait to call a property damage restoration company. The sooner you do, the sooner you can get your life back to normal.


Subscribe to Our Newsletter

Related Articles

Top Trending

Best Franchise Plumbing Companies to Invest in USA
Best Franchise Plumbing Companies in the USA for Smart Investors
How to Create a Chic Home Office That Boosts Productivity
Step-by-Step Guide: Creating a Chic Home Office That Boosts Productivity
How to Make the Most of Natural Materials in Your Home
How to Make the Most of Natural Materials in Your Home?
jennifer tilly net worth
Jennifer Tilly Net Worth Breakdown: RHOBH Star's Simpsons Fortune Revealed
How to Build a Smart Home Without the Overwhelm
Easily Create a Smart Home Without Feeling Overwhelmed - Learn How

LIFESTYLE

12 Budget-Friendly Activities That Won’t Cost a Penny
12 Fun and Budget-Friendly Activities That Are Completely Free
lovelolablog code
Unlock Exclusive Lovelolablog Code For Discount Deals in 2025
Sustainable Kiwi Beauty Products
10 Sustainable Kiwi Beauty Products You Should Try for a Greener Routine
Best E-Bikes for Seniors
Best E-Bikes for Seniors with Comfort and Safety in Mind
wellhealthorganic.com effective natural beauty tips
Top 5 Well Health Organic Beauty Tips for Glowing Skin

Entertainment

jennifer tilly net worth
Jennifer Tilly Net Worth Breakdown: RHOBH Star's Simpsons Fortune Revealed
Geoffrey Stirling Shot
Lydia McLaughlin’s Brother Geoffrey Stirling Shot by Police
Colin Farrell Angelman Syndrome
Colin Farrell Shares Heartfelt Decision on Son's Angelman Syndrome Care
Hugh Jackman shades Ryan Reynolds NYC show
Hugh Jackman Roasts Ryan Reynolds Over Dance Scene Snub in NYC
Kanye West and Bianca Censori Relationship
Kanye West and Wife Bianca Censori’s Turbulent Love Story Unfolds

GAMING

Which Skins Do Pro Players Use Most Often
Which Skins Do Pro Players Use Most Often in 2025?
Major Security Risks When Visiting iGaming Platforms
12 Major Security Risks When Visiting iGaming Platforms (And Proper Remedies)
Familiarity with Online Casino Games Builds Gameplay Confidence
How Familiarity with Online Casino Games Builds Gameplay Confidence?
Pixel Art Games
Why Pixel Art Games Are Still Thriving in 2025?
Most Unfair Levels In Gaming History
The Most Unfair Levels In Gaming History

BUSINESS

Best Franchise Plumbing Companies to Invest in USA
Best Franchise Plumbing Companies in the USA for Smart Investors
Which Plumbing Services Are Most in Demand Across the USA
Which Plumbing Services Are Most in Demand Across the USA?
What’s Next for Bitcoin and the Crypto Market
Get Ready for What’s Next in Bitcoin and the Crypto Market
IRA Rollover vs Transfer
IRA Rollover vs Transfer: Key Differences, Benefits, and Choosing the Right Option
optimizing money6x real estate
Money6x Real Estate: The Power of Real Estate Without the Headaches

TECHNOLOGY

Why Earth Needs a Tech Renaissance
Why Earth Needs a Tech Renaissance, Not Just a Climate Movement
The Rise of EcoTech Startups
The Rise of EcoTech Startups: Meet the Founders Changing the Climate Game
Smart Gadgets For An Eco-Friendly Home
Living With Less, Powered By Tech: 7 Smart Gadgets For An Eco-Friendly Home
Beta Character ai
What Makes Beta Character AI Such a Promising AI Platform?
Google Ads Safety report 2024
Google Ads Crackdown 2024: 5.1B Blocked, 39M Accounts Suspended

HEALTH

How to Identify and Manage Burnout in the Workplace
How to Identify and Manage Burnout in the Workplace?
How to Start a Mental Wellness Program at Work
How to Start a Mental Wellness Program at Your Office?
Tips For Mentally Healthy Leadership
10 Tips For Mentally Healthy Leadership
Back Pain In Athletes
Back Pain In Athletes: Prevention And Recovery Strategies
Sinclair Method
What is the Sinclair Method?