Insurance For Buried Utility and Service Lines
Homeowners insurance has remained largely unchanged over the past three and a half decades. However, recent innovations have introduced significant new coverages, including Service Line Coverage. Greg Fay Insurance in Centerville, Ohio, is proud to offer this rider, which can be added to a homeowner’s policy to provide comprehensive protection for essential utility lines. This blog will explore the benefits and specifics of Service Line Coverage, and why it is a critical addition to any homeowner’s insurance policy.
Homeowners insurance has remained largely unchanged over the past three and a half decades. However, recent innovations have introduced significant new coverages, including Service Line Coverage. Greg Fay Insurance in Centerville, Ohio, is proud to offer this new rider, which can be added to a homeowner’s policy to provide comprehensive protection for essential utility lines.
Here are some benefits and specifics of Service Line Coverage, and why it is a critical addition to any homeowner’s insurance policy.
What is Service Line Coverage?
Service Line Coverage is a rider that protects utility lines that service your home. This includes lines for:
- Water supply
- Water disposal
- Electric power
- Heating
- Natural gas
- Communications
- Drainage
These lines are crucial for the daily functioning of your home, and any damage to them can lead to significant inconvenience and expense. Service Line Coverage protects against failures due to a variety of causes, including:
- Freezing
- Root invasion
- Rupture
- Breakage
- Wear and tear
- Corrosion
Why You Need Insurance Coverage for Service Lines
Many homeowners are unaware that they are responsible for the repair and maintenance of the service lines on their property. Standard homeowners insurance policies typically do not cover damage to these lines, leaving homeowners to bear the full cost of repairs. Service Line Coverage fills this gap, offering peace of mind and financial protection.
Real-World Example: Root Invasion
Consider a recent claim handled by Greg Fay Insurance. A homeowner’s drain line was damaged by tree roots, resulting in an $8,300 repair bill. Without Service Line Coverage, this expense would have come directly out of the homeowner’s pocket. With the coverage, however, the cost was covered, demonstrating the substantial financial protection this rider offers.
High Likelihood of Damage
It’s not just tree roots that can cause problems. Service lines can be damaged by a variety of factors, and statistics show that these incidents are not uncommon. In fact, contractors report that 85% of all drain lines are clogged or damaged. Given this high likelihood, having Service Line Coverage is a prudent decision for any homeowner.
Comprehensive Protection for Essential Utilities
Service Line Coverage protects the most critical systems in your home. Here’s a closer look at what this coverage entails:
Water Supply and Disposal
Problems with water supply lines can disrupt your daily life, while issues with disposal lines can cause significant sanitation problems. Whether it’s a frozen pipe or a breakage, Service Line Coverage ensures you’re not left dealing with these issues alone.
Electric Power
Electricity is essential for lighting, heating, cooling, and powering appliances. Damage to power lines can lead to outages and costly repairs. With Service Line Coverage, you’re protected against these potential expenses.
Heating and Natural Gas
Heating and natural gas lines are crucial, especially during the colder months. A rupture or leak can be both dangerous and expensive to repair. Service Line Coverage offers protection against these risks, ensuring your home remains safe and warm.
Communications and Drainage
Modern homes rely heavily on communication lines for internet and phone services. Drainage lines are equally important for managing wastewater. Service Line Coverage provides comprehensive protection, covering repairs for these vital systems.
Cost-Effective Coverage
The premium for Service Line Coverage is surprisingly affordable. For just about $30 per year, you can add $10,000 worth of coverage to your homeowner’s policy. Considering the potential repair costs for damaged service lines, this is an excellent value.
Example: Cost vs. Benefit
Take the earlier example of the $8,300 repair bill for a damaged drain line. For a mere $30 annual premium, the homeowner avoided a significant out-of-pocket expense. This kind of cost-benefit analysis clearly illustrates the value of Service Line Coverage.
How to Add Service Line Coverage to Your Policy
Adding Service Line Coverage to your homeowner’s policy is simple. If you’re already a client of Greg Fay Insurance, contact your agent to discuss adding this rider. If you’re not currently a client, now is the perfect time to switch to an insurance provider that offers this essential coverage.
Getting a Free Quote
At Greg Fay Insurance, we make it easy to get a free homeowners quote that includes Service Line Coverage. Our experienced agents will help you understand the full scope of your coverage and ensure you’re adequately protected.
Expert Advice and Personalized Service
With over 50 years of experience, Greg Fay Insurance is a trusted name in Centerville, Ohio, and beyond. Our family-owned independent agency specializes in preferred personal insurance, business insurance, home health care, construction, manufacturers, dentists, workers compensation, and insurance risk transfer programs. We pride ourselves on offering personalized service and expert advice tailored to your specific needs.
Discuss Service Line Insurance At One Of Our Insurance Offices.
We have 4 locations!
Service Line Coverage is an essential addition to any homeowner’s insurance policy. It provides comprehensive protection for the utility lines that are critical to your home’s functioning, safeguarding you against the significant costs of repair and replacement.
At Greg Fay Insurance, we are committed to offering the best coverage options to our clients. Call us today for a free homeowners quote that includes Service Line Coverage and experience the peace of mind that comes with knowing your home is fully protected.
Any one of us can sit down and evaluate your situation with proper house insurance coverage. We are independent homeowner insurance agents with local insurance offices in Centerville (Dayton) Ohio, West Chester (Cincinnati) Ohio, and Northwood (Toledo) Ohio. We have insurance licenses for Michigan Ohio Indiana and Kentucky, so be sure to ask us about your property.
