Home Owners - - - Is This Covered ?

[TonyC]

I have a rental property that is in need of PLUMBING repairs.

There is a section of PIPE that is cracked...and floor has be dug up...and pipe has to be replaced.

Is this type of damaged covered under a standard PC policy?

I have a copy of the policy and am waiting for my agent to call back (he's on vacation).

Anyone know the answer ?

thanks in advance!

 

[russelltw]

It really does not matter what any one on the forum says. Your agent and adjuster will make that call. You will need to take it up with them. In my state, some rental policies would cover it, some would not. If it's on a homeowners policy, it may be denied. Homeowner's policies are for situations where the owner of the property lives in the house. If you have a homeowner's policy on a rental property, you need to correct that.

 

[TonyC]

It really does not matter what any one on the forum says. Your agent and adjuster will make that call. You will need to take it up with them. In my state, some rental policies would cover it, some would not. If it's on a homeowners policy, it may be denied. Homeowner's policies are for situations where the owner of the property lives in the house. If you have a homeowner's policy on a rental property, you need to correct that.

Thanks Russell,

yeah...the policy is in an LLC name...and i don't live there so i know is not a reg.home-owners policy.

PS. I spoke to one of the agents who said something about a DP3 policy that will cover partial damage. Waiting to hear more...

 

[djs]

In general, your insurance policy will cover things that are 'sudden and unexpected'. A cracked pipe may or may not be covered.

If the pipe was 2 years old and cracked overnight, causing a problem, unless excluded in the policy or not covered in the policy form, it would generally be covered.

If the pipe was 40 years old and rotted out over time, it is unlikely that it will be covered. This is a maintenance repair and insurance policies generally do not cover maintenance, or even damage caused by lack of maintenance.

In my experience, it is unlikely to cover partial damage. Without knowing the policy though, its hard to say. The general thing here is what caused the damage and is that event covered. If so, then the damage is covered, if not, then its not.

Don't wait for the agent, call it in as a claim and have a claims person come out and see if it will be covered. Thats really all that matters.

Dan

 

[nyc2phi]

An insurance agent on vacation ? How uncommon..

 

[CaptiveGuy]

An insurance agent on vacation ? How uncommon..

Assuming he has staff that's one of the luxuries of this career and it's Friday! Play golf and count your renewals

OP - Just call in the claim like DJS suggested no need to wait on your agent as you could be waiting for awhile...

 

[BTFuzz]

Was this 'sudden and accidental'? It all boils down to what the adjuster finds.

 

[Guest]

in general, it should pay for the damages caused, but not the actual replair itself....

 

[iiinycboi]

like russelltw said, it depends on the policy and what is covered in the policy.

Some may cover it, some may not, some will cover the personal property if a pipe burst and damaged the property but not pay for the fix, only clean up.

Ask your agent!

 

[TeePee]

in general, it should pay for the damages caused, but not the actual replair itself....

If it was a sudden burst. Slow leakage is not covered. Maintenance issue.