The theory at the moment is that the electrolysis may have occurred between the electrical conduit and the pipe causing it to degenerate and rupture. It does not at this time indicate any involvement with the pool contractor.
The Board reviewed our cash flow and projected costs remaining in our budget and does not foresee a dues assessment or increase from this event. Other projects that were elective such as changing the lighting at the Community Center will be on hold until we know the final cost of this repair.
Wolf Creek reached out to our insurance broker to discuss filing a claim. While the rupture itself would not be covered, it is possible other damage caused by the rupture would be. With that said, the Broker also commented that it is standard practice after paying a claim to lower the underwriting guidelines which would cause an increase in premiums for several years. We have time to determine how much this repair will cost and then can weigh the cost factors to determine if we will file a claim. Right now our primary focus is making theses repairs as quickly as possible to the highest quality. The Board thanks everyone for your patience and understanding.