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As a responsible property owner, it's crucial to be well-informed about potential threats and risks that can affect your valuable assets. Flooding and water damage are among the most prevalent and damaging challenges property owners face. Armed with factual insights, you can better protect your home or business from these devastating occurrences. In this brief article brought to you by Tidal Wave Restoration, we share some facts about flooding & water damage. We hope this information helps you keep your house a home, or your business booming.
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Call Tidal Wave Restoration if the damage is done and you need urgent water damage removal and water damage cleanup. Tidal Wave is a reputable and leading water damage restoration company serving residents in the Metro Atlanta area.
Flooding is a widespread natural disaster that can strike any region, regardless of its proximity to bodies of water. In fact, according to the Federal Emergency Management Agency (FEMA), nearly 20% of all flood insurance claims come from areas outside of high-risk flood zones. This underscores the universal vulnerability to flooding, making it essential for property owners to take preventative measures.
The financial consequences of flooding is staggering. The National Flood Insurance Program (NFIP) states that just one inch of floodwater in a home can cause an estimated $25,000 in damages. Furthermore, data from the National Oceanic and Atmospheric Administration (NOAA) reveals that the average flood claim from 2016 to 2020 amounted to approximately $52,000. These numbers emphasize the potentially ruinous financial burden that water damage can impose on property owners.
With the escalating effects of climate change, the risk of flooding is on the rise. According to the Intergovernmental Panel on Climate Change (IPCC), sea levels have risen by approximately 0.19 meters from 1901 to 2018. This, coupled with changing rain patterns, amplifies the likelihood of severe flooding events. As property owners, it's important to adapt and implement strategies to mitigate these risks.
Flood insurance can be a financial lifesaver in the wake of water damage. Regrettably, many property owners underestimate its importance. The Insurance Information Institute (III) reports that only around 15% of American homeowners have flood insurance. This discrepancy underscores the gap between perceived risk and actual vulnerability. Consult with insurance professionals to determine the best coverage for your property.
In the event of water damage, swift and timely action is paramount. The Environmental Protection Agency (EPA) advises that mold growth can begin within 24 to 48 hours after water exposure. By promptly addressing water damage, property owners can prevent the escalation of issues, saving both time and money.
There is no time to waste when it comes to water damage, and you don’t have to wait overnight or through the weekend. Tidal Wave Restoration is proud to offer emergency water damage cleanup services to all residents in the Metro Atlanta area. Call Tidal Wave now to get in touch with a live member of our team.
