ABS

ABS is plumbing pipe manufactured from plastic. When insuring a property you will need to provide information as to what type of plumbing is used. Examples include galvanized, copper or ABS. In more modern homes you will see copper and ABS more commonly used.

If your home has galvanized plumbing then the insurance company will have some concerns about leaks. Galvanized plumbing tends to break down over time causing leaks in the system.

If your home is older and does not have upgrades done to it then it is perceived as being a higher risk for a claim. You will find yourself with less choice for insurance companies, likely less coverage available and higher premiums. This might be a good time to take advantage of tax savings available through the income tax rebates that are being offered for home renovations.