Radon is a cancer-causing, radioactive gas.
|Information from Nootech Web Site|
|What is Polybutylene||Recognizing Polybutylene|
|Polybutylene is a plastic like material known as a polymer. This material was widely used for plumbing in millions of homes between 1978 and 1995. Polybutylene was eventually found to be defective. Hundreds of thousands of homes plumbed with polybutylene have experienced leaks and those that haven't will.
The ease of installation of Polybutylene Pipe, made this material a great cost savings in construction and therefore was installed in many new homes built between 1978 to 1995.
Due to many leaks associated with Polybutylene, a lawsuit was entered into to cover replacement cost. This lawsuit became a class action claim and to this date over 1 billion dollars have been set aside to help defer these costs.
Whether you are covered in this lawsuit or not, the threat of polybutylene water leaks are real.
|What does this mean to you?|
|Between 6 million and 10 million homes were plumbed with polybutylene
* Polybutylene leaks are unpredictable, without warning or symptoms
* In some cases, damages from Polybutylene leaks have been as expensive is the original cost of the house
* Insurance companies are beginning to cancel policies with leak claim history and will not issue new policies for homes with existing Polybutylene
* Manufacturers of Polybutylene Resin have settled a class action lawsuit to pay a minimum sum of $950 million to replace polybutylene pipe.
* The claim deadline is estimated to occur in the year 2007.
* Denial of claims has surpassed the 50% mark.
* Polybutylene piping in your home reduces its appeal on the real estate market.
|For information about the class action suit visit Nootech Web Site|
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