Water Line Insurance: What It Is and Why You Need It

Your home's main water pipe is quite susceptible to damage. A water main break may happen quickly if something like a tree falls on it or the ground shifts. Having water line insurance might be helpful in this case.

 

Water line insurance is an excellent way to safeguard your finances against unforeseen events. Still, what precisely is water line insurance, and why is it necessary? With the help of Service Line Group, you can learn everything you need to understand about water line insurance.

 

What's Water Line Insurance?

Your house likely has a single water line connected to your neighborhood's main water pipes. The main water pipe is substantially more comprehensive than others and has many valves along its path to your house. In most homes, the main water pipe is a rock-solid fixture.

 

It is smart to be safe since repairing a water line can cost thousands of dollars. Investing in water line insurance is a sensible precautionary strategy. Like any other insurance, this one requires a flat rate payment of roughly $50 to $100 in exchange for financial assistance with the price of repairing a damaged line.

 

How Much Does It Cost to Repair or Replace a Water Line?

The price will change based on the nature of the problem with your system. It will cost you between $500 and $1,000 to replace a single damaged segment of the water line. On the other hand, if you need to dig up and replace the whole line, you should expect to pay between $2,000 and $3,000. 

 

Repair or replacement costs may rise due to several variables. Costs will increase if you need to utilize a frost-proof material or dig down under an existing concrete slab. Repair costs might exceed $5,000 in the worst-case scenario.

 

Does Homeowners Insurance Include Your Water Line?

The damage to the water main may or may not be covered by your homeowner's insurance. The water pipe coverage depends on the nature of the break and your coverage. In theory, water line issues are covered by several insurances. However, they only pay for damage that is not preventable, like when a neighbor digs into your yard and breaks a main.

 

Is Water Line Insurance Worth It?

An insurance policy covering damage to a water line is worthwhile for a select few. Water mains usually survive for at least 50 years, barring poor plumbing work. A water line leak in a brand new home is highly improbable, so you probably won't need water line insurance.

 

How Water Line Coverage Works

The utility provider you use most likely provides insurance against main water breaches. They are often given by a third party rather than the utility company itself and are similar to home warranty contracts rather than insurance. It is standard practice since utility companies often avoid water line repairs and instead demand a commission from home warranty providers.

 

Contrary to popular belief, the water line contract does not function as insurance and will include specific clauses. Take your time reading them. For instance, many contracts include a 30-day grace period before they become legally binding. Natural calamities, such as earthquakes resulting from damaged pipes, are not covered.

 

Advantages of Water Line Insurance

Having your water lines insured may provide you access to several additional advantages. Sewage line service plan coverage helps cover items like repairing property damage is provided, which is not often the case with standard insurance. So you can relax knowing that you won't have to worry about the time and money needed to fix a broken water line or about how you'll pay for a repair that turns out to be more expensive than you thought.

 

Fixing a water line can be tedious, filthy, and expensive. The repairs to your water line may also not be covered by your standard home insurance policy. However, by signing up for our service plan coverage, residents of Phoenix, the valley, Mesa, Arizona, and Scottsdale can avoid the bother and costs associated with unforeseen sewage line repairs. Contact the Service Line Group, LLC right now for assistance with any questions concerning sewage line service plan coverage.

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