With just a year left to file a claim for compensation related to Kitec plumbing issues in your home, a settlement lawyer says only a fraction of eligible applicants have sought reimbursement.
A recent CBC article reports that $97 million (78%) of the $125 million class-action settlement has yet to be claimed since the funds became available in January 2012.
Is Kitec plumbing really a problem?
While Kitec plumbing hasn’t caused a problem for the majority of homes where it’s in operation, there’s a perception that it’s a problem that needs to be addressed.
The issue is that Kitec plumbing systems – including fixtures and pipes – have been identified as possibly weakening over time, resulting in water damage from leaks and floods. The product was most commonly used in hot water baseboard and in-floor heating systems between 1995 and 2007.
It’s most likely that many people with Kitec systems are unaware that the suit even exists. So, be sure to check your plumbing systems. The piping is typically blue for cold water applications and orange for hot water applications.
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.
Over the past seven years, 4,412 North Americans have applied for and received partial compensation after their Kitec system failed.
In addition, 9,531 people who have the system but have never experienced leaks also filed a claim. These pre-emptive claims will be processed after the deadline has passed.
If you have Kitec plumbing in your home, be sure to file a claim and also consider having an annual home maintenance inspection to ensure it remains in good working order.
Find an Inspector near you: https://abuyerschoice.com/locations