Key home water damage data findings: 1 out of every 60 insured homes (1.6%) in the U.S. files a water damage claim per year. Insurance companies pay an average of $13,954 per water-related property damage claim. As of 2022, water damage and freezing accounted for 27.6% of all home insurance claims. Flood damage is one of the most serious threats to U.S. homeowners in 2024. It can result in significant property damage, with properties requiring extensive repairs. This year alone, a total of $6...
