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Water damage describes various possible losses caused by water intruding where it will enable attack of a material or system by destructive processes such as rotting of wood, mold growth, bacteria growth, rusting of steel, swelling of composite woods, de-laminating of materials such as plywood, short-circuiting of electrical devices, etc.
This is in part due to the difficulty of measuring the financial damage in areas that lack insurance. For example, the 2004 Indian Ocean earthquake and tsunami, with a death toll of around 230,000 people, cost a 'mere' $15 billion, [1] whereas in the Deepwater Horizon oil spill, in which 11 people died, the damage was six times higher.
Includes three deaths and $1 billion (2017 USD) in damage in Puerto Rico, and four deaths and $2.4 billion in damage in the U.S. Virgin Islands. Storm caused an additional 35 deaths and approximately US$11.4 billion in damage across the rest of the Caribbean. 98 1877 USS Huron (1875) Accident – shipwreck Off Nags Head, North Carolina: 98 1890
Water damage caused by ice or snow is generally covered, but you will want to consider that there are several ways for moisture to enter your home — and some may not be covered by your policy.
The storm killed more than 100 people across the state and caused an estimated $60 billion in damage, according to the latest estimate from the North Carolina Office of State Budget and Management.
Hard rain of 1 foot and more inundated the southeastern coast of North Carolina on Monday as a storm moved ashore and aimed for the Mid-Atlantic and Northeast.
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