Flooding can be of two types. It could either be man made i.e burst pipes, plumbing problems or malfunctioning of water heaters; or natural i.e through flash floods, heavy rain as well as mud flows.
When it comes to man made floods, the estimated potential damage come to around $26,800 while the average cost of repairing a water damage after a flood incident is approximately $15,000, which is actually over 12 months worth of groceries for a family of four.
Most of the time, pipe bursting because of the water freezing in the cold weather and expanding inside the pipes. Since it does not have much space to expand to, it crack the pipes as a result.