Does your New Orleans homeowners insurance policy have service line coverage?
The answer is probably not
Most homeowners don't know they are responsible for the sewer line that runs from the street under their property and into their house
In New Orleans over time these sewer lines will collapse due to corrosion, tree root intrusion or land subsidence (settling or sinking)
Common Sewer Line Problems
- Broken or cracked sewer line
- Pipe bursting
- Tree root intrusion
- Collapsed sewer line
- Main sewer line clogged
- Drain repair needed
When this happens the water can't run into or from your house and the water backs up into your home
Now your policy should have water backup coverage to cover the damage inside your home from the water and most policies do but its the Service Line endorsement most homeowners insurance policies don't have
This endorsement will replace the sewer line plumbing pipe
Without the endorsement you would be responsible for paying the plumber to excavate your front yard and replace the pipe and the homeowners insurance company would pay for all the water damage inside your home
Now you can buy the coverage you need to pay for replacement of the pipe itself which can cost as much as $3500 to start
What is the cost of sewer line repair?
"The average cost to repair a main sewer line is $3,818 with most homeowners spending between $2,250 and $5,750. A full sewer line replacement ranges from $8,000 to $30,000, or $50 to $200 per linear foot, depending on the length and width of sewer pipe needed"..read full article here
How much is the Service Line Endorsement?
Most New Orleans homeowners insurance companies charge $25 to add this coverage
How much coverage does this endorsement provide?
Most companies will provide up to $10,000
Why this endorsement is important?
The standard exclusions in a homeowners insurance policy will not cover wear and tear or corrosion because the damage was not a result of a sudden and accidental event
You would get replacement coverage for corrosion, wear and tear, tree root intrusion, collapse
You also get excavation costs included too
Which insurance companies in New Orleans offer the service line endorsement?
Gulf States Insurance
Capitol Preferred CPIC
Southern Fidelity SFIC
What's this all about?
Check your current homeowners insurance policy and if this coverage is not listed on your policy declarations page under endorsements you don't have this coverage
It is an endorsement and must be purchased or added on the policy as a line item
If you would like a quote from one of the companies listed above that offers this inexpensive but very important coverage just complete the quick form below
REQUEST A HOME INSURANCE QUOTE BELOW FROM
FM AGENCY GROUP
FM Agency Group
Helping Louisiana with insurance since 2001. Homeowners, car, rental property, flood and personal umbrella. Get the protection you need for the value you want. 504.348.3131