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Investigating Water Loss Origins

Water damage is costly to both homeowners and insurance companies. It is estimated that the cost of household water damage in California, alone, exceeded $500 million for 2002.

By Mark E. Goldman | Updated on August 22, 2005

Water damage is costly to both homeowners and insurance companies. It is estimated that the cost of household water damage in California, alone, exceeded $500 million for 2002. While the number of water-related claims varies year to year, the average amount paid for such claims increased steadily from $2,577 in 1988 to $3,646 in 2002.

The high cost of water damage spotlights the importance of thorough investigation of the causes and origins of water losses. Understanding how moisture enters buildings and causes damage can be a challenge, as well as the most interesting aspect of a building inspection.

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