It depends on the severity of the damage. A single water pipe burst can cause tens of thousands of dollars in damage, while a small spill may only cost a few hundred to repair. Most insurance policies cover water damage, but the amount that's covered and the deductible may vary depending on the policy. Homeowners should always read their policy thoroughly to understand what is and isn't covered. If there is significant water damage, it's best to call in a professional who can assess the situation and provide an estimate for repairs.

The cost to repair water damage varies depending on the severity of the damage, the type of materials that need to be replaced, and the contractor you hire. Typically, costs range from $500 to $10,000 or more. If you experience water damage in your home, it's important to take action as soon as possible to minimize further damages. The first step is to assess the situation and determine if it's safe for you to enter the premises. Once you're able to access the area, try to stop the source of water intrusion and remove any excess water. Next, contact a professional contractor who can help mitigate further damages and restore your property.