Service line coverage is a type of insurance that protects homeowners in the event that pipes or wiring coming into their properties are damaged. It will help to cover the costs of repairing the damaged service lines and pipes you are legally responsible for.
Many homeowners find out all too late that this is not something that is automatically covered in your homeowners insurance policy and something you need to specifically purchase instead.
What Types of Service Lines are Covered?
Depending on the specific coverage plan you purchase, you may have coverage for the following types of service lines coming onto your property:
- Sewer
- Water
- Electrical Wiring
- Power Lines
- Gas
- Communication or Data-Transmission Wiring
This coverage is so important because these services are critical for making your home habitable. Without service line protection you could be facing hundreds, if not thousands, of dollars in repairs out of pocket that are required immediately.
What does Service Line Protection Cover?
The more important question to ask, though, is what the coverage involves. The specific things you want your service line coverage to be responsible for include:
- Repair of damage to service lines
- Costs of excavation
- Expediting expenses
- Loss of use or additional living expenses (in the event you are unable to remain in your home until repairs are complete)
- Outdoor property repairs (to repair damage to your property and other property in the process of repairing the damage)
It’s important to make sure you know what you are getting and that all your service lines are properly protected. You might also want to consider policies that provide coverage for liability costs related to service line problems as well as one that offers the option of choosing replacement materials that are better for the environment or provide greater energy or water efficiency. You will likely be responsible for a deductible with your service line coverage so keep that in mind when comparing policies or plans.
Are there Coverage Exclusions?
Most service line protection plans have some very specific exclusions. You need to know what they are before you make any decisions that could cost you big when all is said and done. Common exclusions include:
- Relocation of wiring or pipes.
- Septic systems.
- Replacement of water wells, motors, or pumps.
- Damage from service lines that are being dismantles, serviced,o or installed.
- Wiring, piping, etc. that runs through a building or a body of water.
Not all policies are the same so you’ll need to discuss the specific details of your policy during the decision-making process.
Don’t wonder if you are protected from the financial fallout of a service line catastrophe. Add this valuable service line coverage protection to your lineup today and be confident that you are. Call us here at BOLT Insurance Agency to learn more! 1-800-216-4171
