Homeowners with Chinese drywall losing their insurance
People who purchased houses with Chinese drywall (the kind that has been linked with a rotten egg smell and corrosion) are running into a problem when they file a claim with their homeowners insurance companies. Many of the companies are denying the claims because it’s considered a building defect and then canceling the policies until the problem is fixed. Because people need to keep insurance on the home as a condition of the mortgage, this could cause them problems with their lenders. It’s a sad situation, especially in this economic climate. You can read more about it at http://www.comcast.net/articles/news-national/20091015/US.Chinese.Drywall/
Categories: Building Codes
