Keep getting multiple offers in the mail for sewer line insurance. $7/month. No deductible.
House is built in 54’ with original sewer line. Had the only major tree removed 6 years ago. Had a camera inspection. No old roots busting thru pipe. 55 feet from house to road.
Want to know how much these type of repairs cost for an average city lot. Want to know anyones experience with this type of insurance. Want to hear any nightmare stories. Really leaning towards not paying for this insurance.
Did you get to watch the video when it was televised?
Any idea what kind of pipe? (it’s most likely VCP ‘vitrified clay pipe’, but could be asbestos too)
Either way, if it was in good shape after 70 years it will be in good shape a hundred+ from now.
There’s vitrified clay pipe still in service that’s thousands of years old in Europe.
As for cost, you could probably do it yourself for a couple grand (mini-rental, pipe, ferncos, permit if needed). Hiring it out would be 3-6x that.
No. I wasnt able to watch the video. I will call Roseville and see what material the pipe is
I’d read the fine print on any mass mail solicitation. Most insurance companies offer it as an endorsement on your Homeowners policy, subject to deductible. If you need a replacement it will be at least $10k hired out, if not significantly more. My brother had to replace his about 5ish years ago and it was over $10k then, his was closer to the road but had to go around a tree.
I have that insurance. Probably never going to need it but you never know. Our utility company provides similar coverage for water and buried electrical service. It’s mandatory and the charge is on your bill every month.
People in the business tell me that the most common break occurs in water lines.
In older homes, it’s a good coverage to buy. But don’t buy it from a mailer. Call your home owners insurance agent and ask to have it added to your homeowners policy. I have had it pay out on at least one client per year the last few years, and I’ve had at least one client per year wish they has purchased it.
As with any insurance, remember they are not offering the coverage to you for any reason other than their profit (first and foremost). The insurance companies couldn’t care less about your financial situation or helping you out, rather making money. They’re a for profit business.
With that said, if you live in an older home it may be worth considering…but I’d take fishinfreaks advice and review what is covered on your current policy and consider adding to that as needed rather than shelling out money related to some flier that shows up in the mail.
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