If you want to replace your cast iron pipes with PVC, please note that if your home was built before 1975, you may still have cast iron pipes. This plumbing project can be quite expensive, so it’s important to be aware of the costs involved.
Example #1 Declaration Page
You should take a close look at your client’s page declaration, for example, the one you provided me. Knowing how to identify intentional discrepancies can help you claim your save. A public adjuster should give a good look at your page declaration.
What does that mean? “INCLUDED” means that the company’s insurance or agent will notify you about the exclusion of water damage and a limit of $10,000 for water damage. If you want, you can look at the yellow-highlighted areas.
So, the insured does have a limit of $10,000 for water damage coverage, meaning that any type of water damage loss is excluded.
Which one is it? The solution is provided below, but it’s a bit complex…
Once again, a competent public adjuster can assist you with this.
Does Insurance Pay for Replacing Cast Iron Pipes?
I can see all these advertisements from Morgan & Morgan Attorneys about cast iron pipe lawsuits, so I guess we can file an insurance claim and get paid for the right pipes. Perhaps we can file an insurance claim successfully.
WRONG!
When does Insurance Pay for Cast Iron Pipes to be Replaced?
Insurance providers will cover the cost of replacing your cast iron pipes in the occurrence of the following events:
Water Backup or Water Overflow.
Your Cast Iron Pipes have Failed.
Damages or Openings in your Cast Iron Pipes.
What will Insurance Pay for? Just the Pipes?
“Indirect Damages,” as commonly understood, are also included in the coverage for the house and other structures. When you need to access the walls, pipes, concrete slab, and floors, the insurance company usually covers the cost of cutting. However, let me explain the total cost to replace cast iron pipes with PVC for a 2,500 square foot house, which is probably less than $2,000. It is puzzling that the insurance company won’t cover the cost for PVC pipes, but they will if you decide to replace the cast iron pipes yourself. In fact, most homeowners insurance policies will cover everything.
What else will the Insurance Company Pay for ?
In order for the insurance company to assume liability, your cast iron pipes must exhibit cracks, leaks, openings, or collapses, and there must be a presence of water backup or overflow.
Flooring in every part of the residence.
Cupboards (if the pipes run beneath the kitchen).
Drywall, floors, and walls in the bathroom.
Wall decorations in the entire house.
Expense of cutting through the concrete slab and substituting the concrete.
Most estimates we compose are significantly more than $100,000 in damages when all factors are considered.
Direct vs. Indirect Damages
This video clarifies the distinction between Direct Losses & Indirect Losses.
My insurance company is saying they don’t cover Cast Iron Pipes? My insurance company is saying I have a $10,000 Water Damage Limit?
Some of the biggest obstacles in Florida have been insurance companies having representatives, whether it’s the adjuster claiming or the person answering your phone to file your claim, telling you that they don’t cover cast iron pipes, saying you have a $10,000 limit on water damage, or even saying you have even worse water damage.
YOUR INSURANCE POLICY COULD BE THE #1 OBSTACLE AS TO WHY THE INSURANCE COMPANY DOESN’T PAY YOUR CAST IRON PIPE CLAIM!!!!!
Let’s take a look at some of the ways insurance companies, essentially committing fraud, manipulate their insurance policies so that they don’t have to cover your Cast Iron Pipe Claim
#2 Limited Water Damage Endorsement
First, let’s take a look at the top endorsement. There are two things here that I want to draw your special attention to.
What a joke! This is like people stealing from her policy by adding an additional premium for supposed endorsement, just to pay additional money on her premium policy, according to this endorsement she was supposed to have. Now she sees the wording for “For” this additional premium money on her policy.
This is a major screw up!! If you look back at the declaration page, they never charged her an additional premium. Here’s the great news.
The included section on the declaration page simply states “INCLUDED” as I had marked that section.
We now have a way to retrieve funds exceeding the Water Damage Limit of $10,000 for the policyholder.
But Wait, There’s More!! Now Let’s look again at the Limited Water Damage Endorsement
Let’s examine the wording in endorsement:Output: Let’s analyze the phrasing in the endorsement.
“Unexpected and Unintentional Direct Physical Damage”.
“Release or spillage of water”
“From inside a plumbing system”.
I am able to assist my client in another way because the loss of endorsement mentioned only damages physical direct and does not say anything about indirect damages. This is limited to water damage.
Physical damage was caused by water overflow from your toilet, for example, your bathroom was flooded and your vanity, baseboards, and floors were damaged due to the backed up or overflowing water.
It is worth noting that the plumbing system leads to the backup or overflow, leading to the indirect harm that you will experience. These elements, including your floors and walls, incur expenses when cutting into the slab, which refers to the “cost to remove or access” the plumbing system, also referred to as “Indirect Damages.” Although the water did not overflow and cause harm to these items, this fact holds significance.
Hopefully, by this cast iron pipe claim example, you can see the value that a good public adjuster can bring to your claim.
95% of public adjusters would never be able to piece this all together and probably would have told the insured she has no claim or only $10,000 in coverage due to a Water Damage Limit.
If you require expert assistance, please contact me via phone or email so that I can provide you with guidance on handling a claim related to cast iron pipes, ensuring that you receive the highest possible payout.
Mike (754) 252-5438.
Email: TheClaimSquad@gmail.Com.
Website: www.Theclaimsquad.Com.