You know that little drip of water from your kitchen sink? No big deal, it’s an easy fix, right?
Well, it might be, but some home owners are not as quick to grab the wrench or pliers as others. In fact, about 14% of all household water is wasted due to leaks and running toilets. That’s enough drinking water for an average family of three to consume every two weeks. Find out how much that dripping faucet is wasting with our new drip calculator.
There are all kinds of statistics on the cause and prevention of leaking water, but for the moment, let’s focus on the kind of damage that occurs from household water leaks, both visible and hidden.
Across the U.S., it costs an average of $2,270 to repair a house from water damage. Most of that money can be claimed on your insurance policy (depending on the company or your policy) if reported quickly enough. But an insurance company can also refuse to pay if they find negligence to be the cause of the problem; they might not pay if they feel the damage was preventable by taking action earlier.