The cost of water extraction depends on factors such as the extent of damage, the amount of water to be removed, and the tools required. On average, prices range from $3 to $7 per square foot. Emergency services or large-scale incidents, like basement flooding, may cost more due to specialized equipment and labor. Additional expenses can include drying, dehumidification, and mold prevention. Homeowners insurance often covers water extraction costs if the damage is sudden and accidental, so check your policy. Professional services ensure thorough extraction, minimizing long-term repair expenses and protecting your home from further damage.