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RBC First Home – Real Estate Pros

Pressure for winning bid on a home purchase leads some to waive ‪#‎HomeInspection‬. Home purchase subject free is it a good idea?

Ask us questions at ‪#‎RBCFirstHome‬ Twitter Chat on Tuesday August 18th @ 5:30 PM PST. Team of Real Estate Professionals across Canada ready to help. Chance to also win $100 Visa Gift Cards. Don’t miss this event courtesy of RBC Royal Bank.

Follow me on Twitter:  HomeInspector88

 

RBC First Home  Real Estate Professionals across Canada

RBC First Home
Real Estate Professionals across Canada

 

Dryer Lint Build Up

Clothes Dryer Lint Catcher

Routine cleaning of dryer vent lint trap will not only improve drying your clothes but also reduce the likelihood of condensation collecting in the duct work. This can be evident by some moisture staining on ceilings surfaces.
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Whirlpool Washing Machine Defects Cause Massive Insurance Claims

Flooding problems involving one of Whirlpool’s most popular top-loading washing machines are not isolated to B.C.

CTV’s Steele on Your Side has learned of 30 separate floods in Metro Vancouver linked to the model, commonly used in townhouses and condo complexes.  The floods have caused hundreds of thousands of dollars in damage and triggered massive insurance claims.

Whirlpool clothes washer flooding

Many homeowners have been forced to completely renovate their brand-new homes because of water damage while others are bunking in at hotels until the work is completed.

Rose Fata’s brand-new Whirlpool washer flooded her brand new Toronto condo not once, but twice.

CTV News has now learned of washing machine woes in Ontario.
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Kitchen Renovation Ideas & Planning Tips

Kitchen Renovation Ideas & Planning Tips

Considerations for Kitchen Islands

An island can be a great addition to a kitchen, but it’s important to be thoughtful about design and location

 

 

When I first met with the clients whose kitchen is featured in “Build a Kitchen Island” from FHB #232 (December 2012/January 2013), I found a cramped galley kitchen that needed a transformation. Among the clients’ requests was a new island where they could cook while keeping an eye on their small children.

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B.C. condo owners on the hook for huge deductibles

B.C. condo owners on the hook for huge deductibles

B.C. condo owners on the hook for huge deductibles

Some B.C. condominium owners are learning the hard way that simple leaks can turn into complicated and very expensive problems.

If a sink overflows, a washer hose breaks or a toilet leaks, for instance, and damages suites to the extent that an insurance claim has to be made, the condominium strata council can seek the cost of the insurance deductible from the responsible owner.

According to B.C.’s Strata Act, a strata corporation can “sue an owner in order to recover the deductible portion of an insurance claim if the owner is responsible for the loss or damage.”

It’s a situation that Vancouver condo owner Jack McLaughlin knows all too well. When his sink started leaking, it took three hours to locate the shut-off valve and by then, the damage was done.

“It went down and damaged nine other units and caused hundreds of thousands of dollars-worth of damage,” McLaughlin said. The building strata insurance covered a most of the cost — except for the deductible. “There was a $50,000 deductible, and we had not insured for that,” said McLaughlin.

$150,000 deductible

Nineteen condo towers in downtown Vancouver have deductibles of $50,000, while six have deductibles of $100,000.

And the more claims for water damage, the higher it will climb. Because of several incidents, McLaughlin’s building now has a whopping $150,000 deductible.

Condo owner Jack McLaughlin tells the CBC's Kirk Williams how a simple leak under his sink became a huge expense.

Condo owner Jack McLaughlin tells the CBC’s Kirk Williams how a simple leak under his sink became a huge expense. (CBC)

It’s not something many owners seem to be aware of, said Lindsay de Craene, of The InsureBC Group.

“There’s a lot of people out there who just have no idea they could be on the hook for these deductibles.”

Most condo insurance policies cover a $25,000 deductible, but there have been so many claims, deductibles have been going up faster than the coverage being offered.

“There’s really only two or three companies in the marketplace that will cover those high limits,” de Craene said.

De Craene said it can pay to find out if you can buy more coverage for higher deductibles.

With files from the CBC’s Kirk Williams