Is this a claimable event through insurance?

Discussion in 'Repairs & Maintenance' started by JK200SX, 5th Feb, 2018.

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  1. JK200SX

    JK200SX Well-Known Member

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    Situation is this:

    - Hot water unit approx 7 years old
    - HWU rusted out causing leak and needs to be replaced

    Is this a maintenance item or covered by insurance?
     
    JK200SX, 5th Feb, 2018
    #1
  2. Marg4000

    Marg4000 Well-Known Member

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    Maintenance.
    Marg
     
    Marg4000, 5th Feb, 2018
    #2
    Joynz and Propertunity like this.
  3. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

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    Replace. Your cost. Not deductible.
    New installed unit depreciate provided property is being rented when change occurs. Otherwise seek advice.
    Old unit may be scrapped if its being depreciated
     
    Paul@PAS, 5th Feb, 2018
    #3
  4. Jess Peletier

    Jess Peletier Mortgage Broker & Finance Strategy, Aus Wide! Business Member

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    Although if there's water damage you may be able to claim that on insurance.
     
    Jess Peletier, 5th Feb, 2018
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    Propertunity likes this.
  5. Scott No Mates

    Scott No Mates Well-Known Member

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    How long is the warranty on the hws?
     
    Scott No Mates, 5th Feb, 2018
    #5
  6. Joynz

    Joynz Well-Known Member

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    Did you replace the anode at the recommended intervals?
     
    Joynz, 5th Feb, 2018
    #6
  7. JK200SX

    JK200SX Well-Known Member

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    6 years, just out of warranty. I spoke to the manufacturer and they wiped their hands clear of it.
     
    JK200SX, 5th Feb, 2018
    #7
  8. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

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    Rheem has 10years on cylinder for some models. I know cause mine failed at 10years + 2 weeks.
     
    Paul@PAS, 7th Feb, 2018
    #8
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