Well, the unthinkable has happened. You have had a plumbing disaster. Perhaps you had a burst pipe in your basement. Or, maybe you had a toilet malfunction. Let’s face it, there’s really no scenario where a plumbing disaster is good.
You probably have a lot of questions about your plumbing repair, especially if it’s an expensive one. How can I pay for this plumbing repair? What are some options I have? Take a minute and read about how you can pay for home repairs, especially plumbing repairs.
Common Plumbing Disasters
The most common plumbing disaster is a burst pipe. Whether the pipe ruptures in your upstairs bathroom, downstairs in the kitchen, or in your basement, it’s never good. The most important thing you need to do first is shut off the water immediately. That way, you have as little water damage as possible. Find your main water shutoff valve and turn the water off. Then, you can wait for a plumber to come out without causing any more damage.
Another common plumbing disaster is a slab leak. Slab leaks are much harder to find and solve than a burst pipe. If you hear running water, but can’t find where it’s coming from, it could be a slab leak. Plumbing disasters can also occur from a sewage or septic tank backup. This is especially true if the sewage gets into your pipes and causes a backup there.
One of the worst and most expensive plumbing disasters happens when the main line breaks. This is never cheap and is often not easy to find or fix.
Does Homeowners Insurance Cover Plumbing Repairs?
The short answer to this question is — it depends. Sometimes, insurance will cover plumbing disasters. For example, if you have a slab leak, your homeowner’s insurance will probably pay for much of the repair. If you can prove a burst pipe was because of a sudden event, you’re in luck. You have a good chance of getting the pipe and the damage repaired. However, if your pipe shows signs of corrosion, you will be paying for that broken pipe yourself. The insurance company will assume that you should have seen evidence of corrosion. Therefore, you should have been able to fix the pipe before it ruptured.
If you have a sewage backup into your house, or a septic tank backup, things get a little trickier. If the sewer line backed up because of a natural disaster, your insurance should cover it. If it was the fault of the municipality, however, it will have to pay for repairs and damages. However, if the problem is a sewer tank, it is on you to fix the problem.
How Do I Cover Plumbing Repairs?
There are several ways you can cover and pay for plumbing repairs if your homeowner’s insurance doesn’t pay. First, your plumber may offer financing, which means you would be able to pay in installments. Second, check to see if you can get a line of credit. Your bank or credit union might provide one for home modifications or renovations. That way, you can turn your home repair into an upgrade that will pay off in the long run. You also might want to consider paying for the repair with a credit card. Doing it this way will allow you to pay it back over time.
Are you wondering, “Where are there plumbers near me?” We’ve got you covered. Contact All A’s Plumbing in Randolph, New Jersey. We’re always willing to sit down with you to discuss how to pay for plumbing repairs, how to pay for home repairs and the best options for all of the repairs. In addition, we love to do preventative maintenance. And, that’s good because you won’t have a plumbing disaster looming in your future.