Most people would acknowledge that a water leak is not what you want in your home. However, most people tend to underplay the severity of a water leak until it happens to them. Water leaks are usually unexpected, and can be extremely damaging to not only the foundation of your home, but also to your personal belongings, many times costing over $30K in damage and taking a few months or more to repair.
Leaks are some of the most frequently occurring, yet troublesome problems homeowners face. Water leaks can be even more troublesome and difficult to address when you're a renter. Keep reading to make sure you know what to do when faced with a small apartment leak!
Damage from water leaks cost insurance companies and homeowners billions of dollars every year. In the United States, around 23% of homeowners’ insurance claims are related to water damage. Water damage is so prevalent that a homeowner is 7 times more likely to experience water damage than burglary, and 6 times more likely to experience it than fire damage.
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