Insurers Backing Away from Homes with Chinese Drywall

October 16, 2009

  • October 16, 2009 at 2:36 am
    kpop says:
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    who would of thought that buying cheap wallboard from China would cause this kind of problem? I wonder if the foam they are using in cars contains the same harmful fumes? I bet it does.

  • October 16, 2009 at 2:49 am
    S FL agent says:
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    this issue really doesn’t involve ‘OLDER Crappy’ homes… The drywall was imported 2004 -2008. My office insures someone with this problem and the home is only a few years old and worth 1 million plus. The older homes didnt use this stuff – maybe the older homes aren’t so crappy.

  • October 16, 2009 at 2:49 am
    wondering.... says:
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    I’m just wondering how one would be able to tell the difference between regular drywall and Chinese drywall. I mean, if I go to buy a house, is that something they have to disclose? Or, how would a new homeowner know that they might have a problem?

  • October 16, 2009 at 3:24 am
    Mikey says:
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    Why do we continue to import from China with no seeming checks and balances??

    Last year there was a Heparin scare–(a blood thining medication)…..as I was lying in an emergency room while suffering from a heart attack–I mustered enough strength to ask if the Heparin I was being administered was from China. They told me it was, but their batches tested OK.

    Drugs/drywall/children’s toys—China doesn’t seem to care at all as long as they can move product. WE NEED SOME CHECKS AND BALANCES IN THIS COUNTRY!!

  • October 16, 2009 at 4:22 am
    County Line says:
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    The list of toxic goods imported from China as consmer-safe is too long to recount.

    It is now well known that the gypsum compounds China exported here includes (among other things) high concentrations of industrial waste the Chinese would otherwise have had to dispose of in their country.

    China is no doubt delighted to get rid of their toxic waste and have us actually pay for it. So we bought their poison pill, swallowed it and the Chi-coms smirk while we suffer the result with no legal recourse against them.

    Meanwhile, the damaged parties here litigate all those within the USA’s chain of commerce for the toxic product. The Chinese must be riotously amused to watch us attack our own, as they count the wealth we transferred to them.

    By chasing lowest price, this nation gave away our industrial base to China, an adversary with an abysmal human rights record. Why should we expect them to care any more for our safety than that of their own non-elite class?

    How many times does the saying “You get what you pay for” have to be repeated for folks to understand?

    Wake up and smell the coffee. Demand USA products. They might cost more, but they won’t destroy your health or finances. USA demand for USA made goods will be the REAL stimulus package.

  • October 16, 2009 at 5:11 am
    Mark says:
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    Bill, you said…
    “The only way to handle this is through some sort of super clean up fund through the government and assessed on policies.”

    Why “assessed on policies”? This is not an insurance issue. It’s not covered. Why not assess building permits, imported building materials, or home builders’ licenses?

  • October 16, 2009 at 5:32 am
    Santos says:
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    The home owner should be suing the builder’s insurance company for E&O as well as the vendor who sold the product to the builder in the US under “product liability.” This is a third party liability suit,not a first party suit.

    Santos

  • October 16, 2009 at 5:55 am
    Baxtor says:
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    What drywall do they use in China? Why isn’t the media investigating the homeowners there and see if they are dying or their pipes are coroding? Or did the Chinese know about this, quit making it for their people and thought, let’s just sell our surplus to another country?

  • October 16, 2009 at 5:58 am
    Baxtor says:
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    The only thing the government should do is give China an ultimatum, if they do anything. Either you defend yourself and pay any damages awarded or we don’t allow you to sell anything to the US again, plus, and this is big, when China tries to collect on their US bonds, we give the proceeds to the homeowners you were affected by this. Makes sense to me! However, our Country is so weak in Washington, that they will just write out checks to the homeowners and the rest of us have to pay for it. My car needs the timing belt replaced soon, when is the government going to send me a check to fix it? The dry wall is the homeowners and builders problem, not the governments.

  • October 16, 2009 at 6:09 am
    Good Luck to Citizens says:
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    With regard to the first party homeowner claims, which I agree are not covered, Citizens may have to eat alot of defense costs on these claims. Only then will the IDOTS at the Florida Dept of Insurance, truly see what it means to properly rate a risk, and charge a premium that allows for profit!!!!!!!! I hope they go under in defense costs.



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