Quote:
Originally Posted by disneysteve
My water company periodically sends me a dire-sounding notice about how the water and sewer lines on my property are my responsibility if anything goes wrong. Of course, they are trying to get me to buy insurance for $12/month to cover costs if a water pipe bursts or a sewer line gets blocked.
Is this something I really need to be concerned about? If so, is $12/month an economical way to insure these lines or is there a better way to go about it?
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The insurance information for coverage is not being sent directly from the water company. I was just advised that we (the homeowner) are responsible from the meter all the way to the foundation of our home. I imediately called my insurance office and asked if this area was covered under my homeowners insurance? NO! And there was no information on some private insurance company that does. I then called the Indianapolis Water Co. They had no information on a company that provided insurance to cover this area. Now there may be a loop hole in your homeowners policy, lets say that a tree that you have planted near the main has a strong root system and has grown near to and in this case grown right through the pipe resulting in the main breaking. Would this be any different than one of your trees falling into your home, your car, and/or your neighbors stuff. In this case (of a tree falling) your insurance does cover the damage made by/from the tree. I believe the same coverage could be expected from the roots causing the damage. To be sure I have left this detailed question with my insurance Rep. and our family attorney.