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Coverage for water damage depends on the situation and the source. If the damage is sudden, accidental, and comes from inside your home, you may be protected with a standard homeowners insurance policy. However, you typically wonʼt be covered if the water damage is caused by outside flooding or a neglected repair.

Breakdown of profit margins Reconstruction: up to 10% gross margin. Fire damage repair: 20-25% gross margin. Mold remediation: 20-50% gross margin. Water damage restoration: 50-80% gross margin with larger margins on smaller jobs.

During water damage restoration, mitigation is the first step and involves stopping the flow of water, removing the water and drying the property. The next step, remediation, involves cleaning, drying, deodorizing and sanitizing salvageable materials, as well as removing items that canʼt be repaired.

Water damage restoration costs can vary widely depending on several factors, including the extent of the damage, the type of water involved, the area affected, and the materials and labor required for restoration. On average, water damage restoration in 2024 can range from $1,200 to $5,000 in the CA, USA.

Water extraction: Removing excess water using specialized equipment. Drying: Using fans, dehumidifiers, and air movers to dry the affected areas. Mold remediation: Addressing mold growth to prevent health hazards and further damage. Structural repairs: Repairing damaged walls, floors, and other structural components.

While water remediation focuses on immediate actions to mitigate damage and ensure safety, water damage restoration involves comprehensive repairs and reconstruction to return the property to its original condition.