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Chinese Drywall in Virginia Beach

By
Real Estate Agent with Fathom Realty

There are an unknown number of homes built with Chinese Drywall in Virginia Beach and Chesapeake.  Along with all the known problems comes a new one.

Insurers are dropping homeowners or not renewing them based on the fact that a home is built with Chinese Drywall.  Homeowners are submitting claims to the insurance companies and they are saying that this is a "pre-existing" condition and they will not pay claims for the damage caused.  Robert Hartwig, president of the Insurance Information Institute, agreed that homeowners policies were never meant to cover "faulty, inadequate or defective" workmanship, construction or materials.

Chinese Drywall has been found by state and federal agencies to emit "volatile sulfur compounds," and contain traces of strontium sulfide, which can produce a rotten-egg odor, along with organic compounds not found in American-made drywall. Homeowners complain the fumes are corroding copper pipes, destroying TVs and air conditioners, and blackening jewelry and silverware. Some believe the wallboard is also making them ill.

Homeowners are caught between the proverbial rock and hard place.  If they tell the insurance company they have Chinese Drywall they have the risk of being dropped.  If they don't tell the insurance company they have it, future claims may be denied.  The government is working of some sort of relieft but nothing has come out yet. 

Here are some questions waiting to be answered. Is Chinese Drywall something that needs to be disclosed to propspective buyers?  Is this another good reason for buyer to be even more wary of buying from a FSBO?  Is it another good reason to make sure you pick an active agent that is working for the buyer and is aware of the problems.

 

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Comments (2)

Trey Thurmond
BCR Realtors - College Station, TX
College Station , Texas Homes

Gene

I am glad you did this post. This is a very complicated issue created by the country that holds most of our debt.  I wonder how many other items made in China will come back to haunt us. With little or no manufacturing rules China is cranking stuff out daily that will harm not only our country but the world environment.

Oct 18, 2009 12:11 PM
Gene Allen
Fathom Realty - Cary, NC
Realty Consultant for Cary Real Estate

I am sure there are things we will never and be sick from things we didn't even think of.

Oct 19, 2009 02:01 PM