Every homeowner should have a rainy day fund set aside for actual rainy days. Water damage, whether it was caused by a storm, plumbing issue, or another source, can lead to a major loss. Not only can it damage the actual building in which it occurs, but it can also impact the contents inside. Therefore, the overall cost to complete a water damage remediation in Salt Lake, UT can be quite high.
To better prepare and save for this type of event, it’s important that home and business owners understand how to calculate the cost of a water damage remediation. In this guide from Summit Restoration, homeowners can better understand the average cost of the service and factors that can impact it.
The Average Cost of Water Damage Remediation Services
It should come as no surprise that water damage remediation solutions aren’t cheap. On average, homeowners in the United States can expect to pay $1,300 to $6,000 for water removal and repairs. However, the price can also be as low as $150 or as high as $100,000.
Since the cost can vary so greatly, it can be challenging for homeowners to save enough money to cover the service. Fortunately, homeowners insurance can step in to help. In fact, many customers are able to submit a claim with the help of their remediation company. As a result, they can get coverage for:
- Plumbing Leaks
- Roof Leaks
- Water Damage from Storm Damage
- Ice Dams
- Other Accidental Leaks
Factors That Impact the Cost of Water Damage Remediation
Since the cost of a water damage remediation can vary so much, it’s important that customers understand how a restoration company comes up with the quote. In most cases, the quote is provided after the contractors complete an in-person inspection. This allows them to assess the following factors that have the most influence on the total cost.
The Type of Water
It’s important to know that not all water damage is equal. Some types of water are more severe and dangerous to handle than others. For example, black water usually contains contaminants that are health risks. Therefore, special equipment is required to restore the home, and the process is more expensive.
On the opposite end of the spectrum, clean water is usually cheaper to remediate. It doesn’t have any chemicals or biohazards, so it is relatively quick and easy to clean up.
The Class of Damage
The total cost of water remediation services also depends on the class type, which is how the extent of water damage is categorized. Class 1 damage is usually in the range of $150-500 while Class 4 can be upwards of $20,000.
The difference between the classes is how severe the damage is. The lower the class, the less damage that was done. Class 1 is usually used to describe a small leak in one area of a room that was caught before it caused significant loss.
As the class number increases, the level of saturation and the complexity of the cleaning situation increases. Class 4 is the most severe type of damage, and it includes severe saturation of building materials for a prolonged period of time. It’s usually caused by flooding or hurricanes.
The Location of the Home
It’s also important to recognize that service costs can vary by geographic location. Some parts of the country may have higher costs of living, which usually translates to more expensive restoration services. Where living costs are lower, homeowners may be able to have a remediation done for less money.
Materials Used in the Home
The final cost of a remediation also depends on the quality of building materials used in the repairs and replacements process. Homes with luxury materials will end up paying much more than a home that has more economical flooring, trim, walls, and furniture.
Additional Services Required
Finally, there are additional services that can increase the total cost of a water damage remediation. For example, homes that developed mold will also need to factor in the cost of mold remediation. Any repairs made to stop the source of water should be considered as well. These can include the cost to fix a pipe, appliance, or roof. Some companies may even charge an extra fee for emergency calls.
Request a Free Quote to Learn More About the Cost of Water Damage Remediation
The best way to learn more about how much water damage remediation solutions cost is to contact a local company. Home and business owners in the Salt Lake City area should contact Summit Restoration to request a free quote. The company can be reached by phone or through their simple online contact form.