Water Damaged Houses — Are There Buyers for Them? BCZ is Here for You!

Water Damaged Houses — Are There Buyers for Them? BCZ is Here for You!


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Water is essential to life, but it can also cause catastrophic damage to your home.

Water damage is one of the most common types of home damage. It is also one of the top home insurance claims in America. Below are some statistics and numbers on water damage:

 

  • Water damage costs the insurance industry $2.5 billion annually.
  • Every year, 1 trillion gallons of water leak into homes and business.
  • 37% of all Americans claim to have dealt with some type of water damage.
  • Each day, 14,000 Americans face a water damage emergency, either at home or at work.
  • At some point, almost all basements will sustain water damage.

 

Below we look at some causes of water damage along with options for homeowners who cannot afford to repair the damage.

 

Causes and Types of Water Damage

Water is wild and powerful. In nature, too much water leads to major flooding which can destroy entire towns. In your home, water seeks out nooks, crannies, and crevices. And when it gets out of control, it leads to serious problems. Three of the most common causes of water damage in homes are:

 

  • Overflow and discharge
  • Sewage or water backup
  • Floods

 

These three types of water damage can come from numerous sources such as storms or severe weather, plumbing or appliance malfunctions, accidents, or some other type of water infiltration.

 

Does Your Insurance Cover Water Damage?

Unlike some other home repairs, water damage can’t be delayed. It needs to be addressed immediately. Although your homeowners insurance or renters insurance covers damages, the specific type of damages it covers depends on the policy. A standard policy typically covers things like:

 

  • Water overflow and discharge, even by accident. If your dishwasher leaks, you might not know it until the damage is done.
  • Damage from ice, snow, or sleet. Their weight can collapse your roof or cause water damage.
  • Frozen/ bursting plumbing and pipes.
  • Burning or bulging, tearing apart, or cracking in your hot water heating system.

 

I Can’t Afford to Repair Water Damage! What Next?

The average cost of a water damage insurance claim is $7,000. In some cases, the specific damages your home sustains simply aren’t covered by your type of insurance policy.

 

Yet if your home has suffered serious water damage, it must be repaired. Yet you may not be able to afford to repair the damage. Instead, you might wish that you could sell your house and without dealing with the water damage at all. But who would buy a water-damaged home?

 

When damages aren’t completely covered by your insurance policy, what are your options?

BCZ Homes offers a great option. We specialize in purchasing and renovating homes in almost any condition. We pay cash for your water-damaged house as-is without you needing to repair the damage.

 

Water Damage? No Problem! We’ll Buy Your House!

Water damage is a problem that many Americans face. Dealing with the damage can be costly. In some cases, insurance may not cover all the repairs.

 

If your home has serious water damage, you might think you’ll never be able to sell it. However, BCZ Homes buys Connecticut houses in almost any condition. You don’t need to make repairs, updates, or improvements.

 

Call 475-266-6999 or visit BCZhomes.com to learn more. We want to buy your house!

 

 

Image

https://upload.wikimedia.org/wikipedia/commons/4/4e/Hurricane_Harvey_Flooding_and_Damage_%2836931833621%29.jpg

By Jill Carlson (jillcarlson.org) from Roman Forest, Texas, USA (Hurricane Harvey Flooding and Damage) [CC BY 2.0 (https://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons

 

 

Twitter summary

Has water seriously damaged your home? If your home has expensive water damage, you’re in luck – BCZ Homes buys water-damaged houses!

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