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Post being replied to

Our hot water tank let go in the middle of the night by TCIrish03

I went downstairs in the morning and our finished basement was covered with an inch of water.

State Farm was pretty good about handling everything. Family friend is in HVAC, and he took care of the hew hot water tank and furnace (water got inside furnace and the fiber ductboard for the air return, it was old anyway). Fortunately, there was deemed no mold risk. Some of the studs have water marks on them, but we just put down new carpet and baseboards.

Agree with below that more important is finding the source of water entry and doing what you can to prevent it.