Cast Iron Pipe Coverage

[Toni Romano]

Hi!

I have a client who fell in love with a home and put in a strong offer (with inspection contingency).

He is currently under contract, and the inspection notes Cast Iron Drain Pipes throughout (House was built 1957 Pompano Beach, FL). We had a plumber come out to inspect the inside of the pipes and his report stated the entire sewer system was in good condition and he inspected every single pipe and everything was in good condition.

Here's the kicker: My client was told by his insurance company that there is no insurance coverage for cast iron pipes, no matter what condition it is in. So, if he can't get water insurance coverage, he doesn't want to go through with the deal. That's understandable, because if one of those pipes were to burst next month he is out of pocket over $20k. 

My question is: How can my client get coverage? Is there some kind of loophole or something I'm not seeing?

Thanks!!