If your home or business has an exterior sewer line, you may be wondering if it’s worth insuring the line. After all, a broken sewer line can cause a lot of damage to your property, and can even lead to health risks for you and your residents. In this article, we’ll take a look at some of the factors that can influence whether or not exterior sewer line insurance is worth it for you.
What is Exterior Sewer Line Insurance?
The exterior sewer line is the main line that carries sewage and waste away from your home. The line runs down the side of your house, and if something were to happen to it, you’d need to get it fixed.
There are a few things to think about when it comes to whether or not exterior sewer line insurance is worth it. First, consider how much damage could be done if the line were to break. If the sewer line is just above ground level and doesn’t go underground, then a break would likely result in sewage flooding onto your property. If the line goes underground, however, there’s a greater chance of something more serious happening, like a leak that causes flooding or an uncontained fire (both of which could be very expensive to repair).
Another factor to consider is how often the line might need repairs. If you have a lot of rain or snowfall, for example, the line might swollen and cause problems. In those cases, it may be worth it to carry insurance in case of a repair cost.
Ultimately, though, it’s important to consult with an expert before making any decisions about exterior sewer line insurance.
What are the Coverage Types?
Most sewer line insurance policies cover underground and exterior sewer lines, but they may also cover lateral sewers that drain adjacent properties. Coverage typically extends to a depth of 40 feet below ground and to a distance of 100 feet from the property boundary. Policyholders may also be protected against leaks, breaks and overflow. Coverage typically costs about $100 per year.
Most sewer line insurance policies cover underground and exterior sewer lines, but they may also cover lateral sewers that drain adjacent properties. Coverage typically extends to a depth of 40 feet below ground and to a distance of 100 feet from the property boundary. Policyholders may also be protected against leaks, breaks and overflow. Coverage typically costs about $100 per year.
What are the Benefits of Having Coverage?
If you’re like most homeowners, you probably assume that exterior sewer line insurance is only necessary in big cities where sewers are often clogged with debris and waste. But the truth is, sewer line damage can happen anywhere, regardless of population density.
In fact, according to the National Association of Home Builders (NAHB), nearly one in five residential properties suffers from a sewer line break or leak. That’s because sewer lines carry wastewater and storm water away from your home, and if they’re damaged or destroyed, it can cause flooding and major messes.
Fortunately, there are many benefits to having coverage for your exterior sewer line. For starters, it’ll help protect you financially in the event of a break or leak. And if sewage backup occurs, having coverage will ensure that your home is clean and safe to return to as quickly as possible.
So if you’re ever in doubt about whether or not exterior sewer line insurance is worth it, consider the benefits first. And then decide whether or not you’re ready to invest in coverage.
Is It Worth It to Purchase Coverage?
When you think of exterior sewer line insurance, you may think it’s a waste of money. After all, your home is surrounded by a solid concrete wall, right? Wrong. If there is a break in your sewer line, sewage can quickly flow into your home and contaminate everything. In some cases, this can lead to expensive repairs and even long-term damage to your property. So is it worth it to purchase coverage?
The answer is a little bit complicated. On the one hand, if you have an older home and your sewer line is located outside of the wall, it’s definitely worth considering coverage. In fact, most insurance companies will only require proof of ownership (a deed or mortgage document) instead of actual damage done to the line in order to provide coverage.
However, if your home was built within the past 10-15 years, then odds are good that your sewer line is located inside the wall. In this case, purchasing coverage may not be necessary – unless there is specific damage that has already occurred (such as a break).
Ultimately, it’s important to talk to an insurance agent about your specific situation before making any decisions.
Conclusion
If you’re thinking about investing in exterior sewer line insurance, it’s important to understand what coverage is available and how much it will cost. Coverage can vary based on the type of property you own and the condition of your sewer system, so be sure to ask your insurer about specific details before making a decision. In the end, whether or not exterior sewer line insurance is worth it will depend on a number of factors specific to your situation. But if you’re concerned that something might happen and your sewage system won’t be able to handle heavy rainfalls or flooding, now may be a good time to consider buying protection.
