Have insurance with Terri Scheer for an IP that includes both property and tenants.
Just received a call from the PM that the hot water system in that IP has burst/exploded and they are contacting plumbers to get a quote for repair/replacement.
My initial reaction was no worries, covered by insurance. I'm now fairly sure that insurance would just cover damage from the burst hot water system not the actual replace/replacement. Never made a claim and can't find any info so I don't know.
A search on this forum gave a lot of fascinating info (don't use this forum while at work) but no answer.
Does any one here know if insurace would cover this?
Just received a call from the PM that the hot water system in that IP has burst/exploded and they are contacting plumbers to get a quote for repair/replacement.
My initial reaction was no worries, covered by insurance. I'm now fairly sure that insurance would just cover damage from the burst hot water system not the actual replace/replacement. Never made a claim and can't find any info so I don't know.
A search on this forum gave a lot of fascinating info (don't use this forum while at work) but no answer.
Does any one here know if insurace would cover this?