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DIY Plumbing Repairs – You Have Homeowners Insurance, Use It!

DIY Plumbing Repairs – You Have Homeowners Insurance, Use It!

Since most home owners insurance policies don’t cover the cost of repairs few people think to check with them when plumbing problems occur. Although they may not cover the repair, they will usually cover the value of damaged property including cleaning up after the repair. The scope of this type of project is typically not a diy plumbing repair project so you will want to find any way you can to help pay for it.
A few years ago I had the misfortune of finding water seeping through a wall in my basement one spring. First this was blamed on a very wet season. Next, when dry weather came around and the leak was still there a basement waterproofing contractor was called in. It was no suprise when this contractor informed me that I had ground water and needed their expensive services. Since the company had a vested interest in me believing this they did not seem to feel the need to offer any other possible explanation. Based on the fact that the remaining 95% of the basement walls had no such problem a third opinion was in order.
Based on the proximity of the leak to the primary kitchen drain pipes a third contractor was called. After a short examination, the plumbing contractor was able to determine that the kitchen drain pipe was leaking (not where we could access it easily of course but behind a cinder block wall under a concrete slab).
The plumbing contractor then made an unexpected suggestion – call my insurance company before starting the repair. That was when he explained that the company would not pay for the repair, but they would pay for the cost of jack hammering up my living room, hall, and/or office floor to find the leak and cleaning up afterwards. He was also able to suggest an alternative solution that was cleaner and much less expensive and present it to the insurance company.
Two repair scenarios were proposed.
The first project would involved having the plumbing contractor find the leak under the living room slab, repair the drain pipe, and then replace the concrete and flooring to clean up after the project. As would be expected the estimate for this repair was on the high side (00+ by the time all the cleanup work would have been completed).
The second repair was considerably less intrusive – they would cap off the existing drain line (kitchen only) and re-route it through the joist’s in the basement and re-connect it to the main line outside the house. The only “heavy” work in this proposal was cutting a 6 inch hole in the exterior wall and digging a trench to run the new pipe to be reconnected. The remainder of the work amounted to a fairly simple plumbing repair. The net cost for this repair was about half the first proposal
With both of these proposals on hand, the insurance company had no problem in justifying payment for the FULL SECOND OPTION (less deductable of course). The insurance company saved money, the home owner saved money, and the repair was accomplished within 2 days with a minimum of cleanup required.
This entire project demonstrated the value of a good plumbing contractor. They were able to quickly identify the problem, propose multiple solutions, and help justify the payment by the insurance company.
This repair also demonstrated the value of a insurance company. The insurance company was willing to accept and pay for an alternative solution as well as inform the home owner of all the expenses that should be recorded for reimbursement.

All-time Low Line Regarding Property owner’s Insurance coverage (2 )

The Bottom Line Concerning Resident’s Insurance policy

Are you sure you recognize what instructions to go towards the purchase of property owners insurance coverage? Do you also recognize what it can do for you? There is great importance in obtaining the best coverage and also just with ideas like these can you start to understand the definition behind all of it so you can obtain the most effective policy for your home.

Make sure to evaluate your plan annual to check and see if there are any kind of price cuts readily available to you. This might arise from additions such as a safety alarm system connected to a monitoring company, a fire suppression system, and also installation of added fire alarm systems. There also might be items in your community that can impact it such as removal of trees or additional fire suppression electrical outlets.

Enhance your protection when you make considerable changes or restorations to your house. Adding a restroom or house theater boosts the general worth of your house yet additionally raises the cost to rebuild needs to your home be damaged. After purchasing an improvement or enhancement, make certain your investment is fully shielded.

See if your plan provides discounts for non-smokers as well as retirees. There are some insurance policy business that provide non-smokers a discount of around 15 percent if you certify. To qualify, you need to be a non-smoker and also you can not allow smoking by any person in your home. Retired people as well as elderly people usually are offered price cuts because insurance provider tend to think that they’ll be home more as well as can better safeguard their home versus theft and also fire.

Reduced homeowner insurance costs with a security system. Be certain to select a system that is kept track of from a central place. This gives evidence that your residence brings a reduced danger and permits the insurance provider to give you a price cut, in some cases of 5 percent or even more. Make certain to maintain all protection system paperwork, as you might be needed to offer duplicates to your insurance business.

You need to make certain that your house owner’s insurance covers clinical payments and litigation charges, in case, a person visiting your home drops or gets pain. This is very important due to the fact that you never ever recognize when an accident may occur as well as you will certainly desire to see to it that you are covered in a situation such as this.

Save cash on your property owner’s insurance coverage by not buying products that are potentially adverse. Developing a swimming pool or buying a trampoline can elevate your yearly premium by as high as 10 percent or perhaps much more. Instead, see the area pool or play area and obtain the exact same pleasure for a reduced cost.

Your property owner’s insurance will certainly cover medical prices of injuries endured on your property however not brought on by you, your family, or your family pet. The insurance coverage is usually restricted to no even more than,000, so it actually doesn’t do much to help as the majority of clinical bills will far surpass that for an injury worth asserting on insurance policy.

If you are brand-new to the house owners insurance policy market, you absolutely have a bit to find out, however you can begin right below with the suggestions provided to you via this post. You can figure out what homeowners insurance is for, if it is for you, as well as what actions to require to obtain the very best plan.

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