Best Sewer Line Insurance
Most people usually assume wrongly about what their home insurance covers most of the time, especially those with home insurance. They believe that their home insurance covers the entire home, including the sewer line. Still, this assumption is false because sewer line insurance is mostly available as an add-on home insurance.
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Disadvantages of not having a sewer line insurance
There is a mantra that says, nothing lasts forever —it also includes your home sewer line because sooner or later, the level of effectiveness of your home’s sewer line will begin to mitigate due to clogging or corrosion of the pipes. In worst cases, they may collapse if you refuse to repair them. If you notice a few signs indicating the existence of faults in your sewer line and intend to fix it, it will cost you some hundreds of dollars so long as the repairs will be done above the ground.
On the contrary, if your sewer line is extremely damaged and professionals will only repair or replace it by lifting them out of the ground by digging its perimeters. In this case, It will cost you thousands of dollars to fix your sewer line. However, the expenses you incur from the repair or replacement of your sewer line will come from your wallet if you do not have coverage.
The source of sewer line insurance that differentiates them from standard home insurance
Your home insurance does not cover the sewer line in your home, but they exist as additional coverage you can purchase from your insurance provider. However, a few insurance companies sell sewer line coverage as a separate contract, or you may benefit from sewer line coverage in the form of a warranty.
Furthermore, a few insurance companies offer service lines endorsement, which is an additional home insurance coverage, that will also protect you from sewer line damages or failures.
The average cost of the sewer line insurance
The average cost you will need for the replacement of your sewer line is over $10,000. Still, this cost may be influenced by a few factors that include the material used, labor, landscape repairs, and the use of sophisticated pieces of equipment. Your sewer line insurance will protect you by covering about ninety percent of the cost, but the degree of coverage you will get for your sewer line depends on the coverage you choose to purchase.
The average cost of sewer line insurance ranges from about $10 to $15 per month or over, and it may also be lower than $10 per month. Your sewer line insurance cost may either be above or lower than $10, depending on a few factors that include your location, your coverage plan, and sewer line endorsement.
Factors that influence your insurance cost
Your location: There are many sewer line insurance providers that sign an agreement deal to partner with some regional utility providers. Suppose you reside in such a location where there is a partnership between your sewer line insurance provider and your regional utility providers. In that case, you may expect to pay less than $10 per month.
The type of coverage you purchase: The type of coverage you purchase will determine the degree of sewer line protection you will get. If you buy a stand-alone coverage, you will be required to pay about $10 to $15 per month or higher and vice versa.
Sewer line endorsement: Sewer line endorsement is prominently offered by smaller groups of insurers, which will lower your overall cost of the premium. In the case of deductibles—that is, the amount of money you will be required to pay before your insurance provider will cover the rest. The deductible for sewer line insurance is always high and ranges from $500 to $1,000, and this deductible will cost you money when your sewer line needs repair or replacements.
What are the best sewer line insurance providers?
There are myriads of sewer line insurance in the market; they offer similar coverage, be it warranty providers or add-on to home insurance. Even though various sewer line insurance provides similar coverage, they may come with deductibles that will cost you money when your sewer line needs repairs or replacement. That is why it is always advisable to check the deductible of a sewer line insurance provider before signing up. Amongst the plethora of sewer line insurance providers in the market, the best include the following:
Mercury insurance
Erie insurance
Service Line Warranties of America
Hippo
HomeServe
Mercury Insurance: Mercury insurance offers you coverage for the service line, such as cable lines, propane pipes, and sewer pipes. They provide you with this protection as an add-on to your home insurance policy, and these service lines are covered by $10,000 coverage coupled with a $500 deductible.
Erie Insurance: Erie insurance provides you protection for several utility lines, such as internet lines, electrical wiring, cable lines, and sewer lines. They provide up to $10,000 of coverage with deductibles.
Service Line Warranties of America: Service Line warranties of America are well known for the unlimited annual benefits they offer ($8,500 per call coverage limit). The benefits they offer are not universal; hence to be eligible for this benefit, your home must have never had prior root removal from your sewer line.
Hippo: Hippo is a new insurance provider with several coverage types their competitors do not offer at an affordable price. Hippo insurance providers also provide bonus discounts to new homeowners and those who do not wait until their sewer lines become severely damaged before they call for coverage.
HomeServe: HomeServe is a prominent home warranty company that offers several utility lines coverage alongside your sewer line at an affordable price of about $13 per month for $6,000 in coverage. But there is a limitation to their call per coverage services that range from about $1,000 to $3,000 per call for service or utility line repair. They will offer you a one year guarantee for the repair of your sewer line.
Final notes
Although you can purchase sewer line insurance from warranty providers or as additional coverage to your home insurance policy, it is still challenging to choose the right sewer line insurance provider. Warranty providers will provide you with affordable coverage for your sewer line insurance policy, but this comes with an extremely high deductible that may cost you a lot.
However, it is advisable to go through the terms and conditions of several insurance providers to be sure that they do not have exclusions that will affect your home’s coverage.
