How much was the kitec settlement?
The settlement included $25 million US for legal fees, notices and other administration, leaving $100 million US plus interest to pay claims for damage caused by leaks and floods and replacing the fixtures and pipes.
How do I claim kitec?
If you’ve paid a plumber to remove Kitec products from your home, you have until January 2020 to register an online claim at: www.kitecsettlement.com. Experts are even cautioning homeowners who’ve never experienced leaks due to Kitec plumbing to err on the side of caution and file a claim as well.
Do insurance companies cover kitec?
Depending on the terms of your home insurance policy, you may be covered in the event of a flood caused by burst or leaking Kitec piping in your home. Some home insurers have been willing to cover all or part of the cost to replace Kitec piping to avoid having to eventually pay out a claim for water damage.
Is kitec a deal breaker?
Kitec Plumbing – Is It A Deal Breaker? Kitec Plumbing has quickly been pushed into the “trigger word” category in real estate, having the potential to be a deal breaker. Current list of trigger words include: UFFI, Fuses, Aluminum wiring, Knob & Tube wiring, asbestos, lead or galvanized pipes and mould.
What is the failure rate of Kitec plumbing?
100%
It is anticipated that Kitec piping and fittings will eventually reach a failure rate of 100%, as the defects are universal. If you have Kitec pipes, you can prevent potential flooding and water damage by having your piping system replaced ASAP.
When was kitec used in Ontario?
1995 and 2007
Kitec is a kind of plastic piping (for moving hot and cold water) that was commonly used in constructing condos, townhouses and houses in Ontario between 1995 and 2007. Kitec on a hot water tank.
How long does it take to replace Kitec plumbing?
The estimated time may take between 9 to 12 months for an entire building or up to 3 full days for larger homes. Residents will not be required to move out during the piping replacement. Furnishing may have to be moved away from the work areas that the plumbers may need access to.
Can you sell a house with kitec?
If your home contains Kitec and you decide to sell without replacing it first, the existence of the Kitec should be disclosed, either on a Seller Property Information Sheet (if you are using one), or merely as part of the general disclosure obligation on the part of sellers that extends to any potential buyers.
How long does kitec plumbing last?
What is the life expectancy? Kitec pipes were used in homes starting in 1995. The first fitting recalls occurred in 2005, which suggests that the average life expectancy is somewhere short of 10 years.
Does kitec plumbing always fail?
Kitec was first recalled in the year 2005; this was an indication that the lifespan of Kitec is about 10 years. However, professional plumbers predict that the failure rate of Kitec will rise gradually, and most, if not all, the home that has this system, will experience terrible pipe failure.
How long do kitec pipes last?
The first recalls of Kitec piping occurred in 2005, which suggests that the lifespan of Kitec can be approximately 10 years. However, industry professionals predict that failure rates of Kitec will only increase over time and most, if not all, homes with this plumbing will experience premature pipe failure.
How much does it cost to replace Kitec plumbing?
How Much Does Kitec Plumbing Cost to Replace? Depending on the extent of the Kitec plumbing in your home, it can cost anywhere from $5,000 to $15,000.
When to file claim for KITEC plumbing settlement?
NOTE: To be eligible to receive any money from the Settlement Fund, you must complete and submit the Claim Form accompanying the Notice available on the Case Documents page. The claim filing deadline is January 9, 2020.
How to tell if your KITEC plumbing system is failing?
You should continue to monitor your Kitec System. The first sign of failure for the fittings is a buildup of white residue on the outside of the fitting. The first sign of failure for the pipe is a blackening of the pipe and/or a bulging of the pipe.
What are the brands of KITEC plumbing pipe?
The pipe is usually marked with one of the following brand names; Kitec, PlumbBetter, IPEX AQUA, WarmRite, Kitec XPA, AmbioComfort, XPA, KERR Controls or Plomberie Améliorée. Where the fittings are visible look for the words Kitec or KTC on them.