If your house was built before 1970, a claim could drain your savings
If your house was built prior to 1960, you most likely have galvanized steel plumbing. Some houses in the 60’s were even built with this steel plumbing. The lifespan of such plumbing tops out at around 40 years. Many home insurance companies will not provide coverage for a loss if it is due to an issue with galvanized steel piping.
Galvanized pipes begin to rust and corrode from the inside. Calcium deposits can build up, reducing your water pressure. When this happens, it increases the risk of leaky pipes or even a burst pipe. It would be unfortunate to find out you have no coverage after the loss, rather than before.
If you have galvanized pipes, it’s time for an update, your plumbing is likely past its lifespan. You are putting yourself at risk for financial loss and even putting your health at risk. As the galvanized steel pipes corrode over time, they can release a lead buildup into your drinking water.
Let Your Insurance Company Know!
If you still have galvanized pipes, it’s time to update your plumbing. Additionally, you are going to want to make sure you insurance company is aware and that it’s acceptable. Many companies do not provide coverage when you have galvanized steel pipes due to the increased risk of a pipe discharge. They don’t want to have to tell you your claim isn’t covered after the fact any more than you want them to.
If you currently have galvanized pipes, check with your company to confirm your policy provides coverage. If they do not cover your pipes, and you need coverage until you get your plumbing replaced, have Carter Family Insurance put some quotes together for you. Just click here to get your quote started!
By Seth Carter, October 15,2019
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