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Community Corner

WATER DAMAGE CLEAN UP COSTS

Many things factor into water damage restoration costs seeing as each circumstance is different. It is impossible to gauge the extent of the destruction until the area is thoroughly inspected. The following are contributing factors regarding water damage cleanup costs.

Insurance:

· Depending how the water entered your home will determine if your insurance will cover it or not. Water damage and flood damage are two different types of coverage. Flood insurance will only cover a flood and not water damage. See more information at: http://blogsbynikiramirez.blogspot.com/2014/04/flood-damage-vs-water-damage.html

· If the water enters through your sewer then you need to have a sewer and drain endorsement. See more information at: http://blogsbynikiramirez.blogspot.com/2014/04/understandsewer-backup-waterbackups-do.html

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· If the water overflows due to sump pump failure then you need to have a sump pump back up endorsement. See more information at: http://blogsbynikiramirez.blogspot.com/2014/03/understand-sump-pump-overflow-sump-pump.html

· The amount of coverage you have for mitigation.

· The amount of coverage you have for building replacement cost.

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· Your deductible amount - If the cost of the damage greatly exceeds your deductible then it is worth filing a claim.

· If you do not have insurance coverage then all expenses will be paid out of pocket. If you have a limited amount of coverage you will have to pay out of pocket for the amount that exceeds your coverage.

· Mold can form as a result of water damage and most insurance companies do not cover mold so you must verify your policy and speak with your agent to see what is covered.

Structure:

· Extent of the damage is the biggest determining factor.

· Cost to fix the source of the water issue – Failed sump pump, broken pipe, water heater leak, cracks in foundation, roof, etc.

· Location of the destruction - Some materials are easier to replace than others.

· If the furnace was affected it may need to be cleaned, fixed, or replaced.

· Finished/unfinished basement.

· Building materials of the outer walls - Drywall can sometimes be saved in a clean water loss but will need to be removed if it has made contact with contaminated water.

· Type of flooring - Carpet and padding, tile, laminate, or hardwood.

· The length of time building materials make contact with water.

· Square footage of the affected area and height that the water rose to.

Equipment:

· Many people think it is simply a guessing game when it comes to how much equipment should be used. The amount of equipment that is needed to efficiently perform a task is determined by the extent of the damage and the square footage of the affected area. Rainbow International uses a mathematical formula that includes these factors to determine the amount of equipment needed. This prevents the use of unneeded equipment and extra costs.

Type of water loss:

· Category 1 – Clean water, no health risk.  Very good potential of saving contents and structural surfaces.

· Category 2 – Grey water, possible health risk.  Affected carpet pad will have to be replaced.

· Category 3 – Black water, major health risk.  Most porous objects and surfaces will have to be replaced including drywall and carpet.

About Rainbow International

Our team of experts can handle any type of property claim stemming from water damage, fire damage, smoke damage, wind damage, or mold damage. Rainbow International services the Chicagoland area and we work directly with your insurance provider.

*Please note: If you have seepage/crack in your foundation then Rainbow does not address these issues because we are not a water proofing company. We can assist by addressing the damage/water left behind after the source of the problem has been fixed. 


Emergency Hotline:
 708-460-0911
Email: info@rainbowrestore.net
Website: www.rainbowrestore.net


Photos of Rainbow International's work: 
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See more information on property damage on Rainbow's blog: http://blogsbynikiramirez.blogspot.com/

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