This was a complete loss fire claim, or Catastrophe claim is the industry term. This type of claim is sometimes man made or some sort of natural disaster and usually means the home is just too damaged structurally to be fixable with a renovation so the structure has to be completely removed and then rebuilt from the foundation up.
There are two common types of plumbing supply system failures. The first involves frozen pipes, which can burst due to a buildup in water pressure caused by freezing water in an adjacent section of pipe. These accounted for 18% of all plumbing supply system claims. The second and most common type of failure occurs when the supply system material fails and results in a leaking or bursting pipe. This type of failure represents two of every three plumbing supply system claims. According to The American Insurance Association water leaks in homes results in property loss amounting to over $10 billion a year annually. Legacy Building is ready to handle your water damage repairs no matter how big or small.