Beyond creating rust, decay, clogs, and stains, water in the chimney will cause cracks and structural damage that allow combustible materials to reach your house. You are risking a chimney fire that could spread to the rest of your house if you light a fire in a chimney with water damage. Deteriorated chimneys also allow carbon monoxide emissions to your home through the cracks and gaps which can be harmful and even deadly. Severe damage can also lead to rotten wood and decayed mortar that is so bad, your chimney collapses. It could fall and cause additional damage to your roof, or land on something surrounding your home that is equally as destructive. If you believe you have water damage, it is important to have it repaired now so that the problem does not turn into a dangerous safety problem.