Water and Mold Statistics

• Water damage made up over 21% of ALL insurance claims in 2003.*
• Average, individual water damage claims cost insurers $4,925 in 2002. **
• Damp wood provides prime conditions for toxic mold.
• Water and mold damage cost insurers $2.5 billion nationally in 2002.*
• Many insurers now refuse to cover mold claims under existing policies.
• Insurance claims for water damage are frequently denied if the cause of the damage has existed for more than 24 hours.
• 37% of all homeowners have experienced losses due to water damage.***

* Insurance Information Institute
** Insurance Information Network of California
*** The Chubb Corporation