Service Line Coverage in Home Insurance Policies
Have you been receiving letter for Service line coverage for your buried utility line going from your house to the street from your utility? We know many people around the Morris County, Morris Plains, Rockaway, Mendham, Morristown and tri-state area wondering about service line coverage. Are you wondering if that is already covered in your home insurance policy? Wondering what this service line coverage is?
Service line coverage, also known as buried utility lines coverage, is an endorsement that can be added to many home insurance policies to cover the cost of repairing or replacing a broken utility line running into your home. Your coverage limit for a damaged service line is often up to $10,000 and may include a deductible. When this endorsement is added to your policy it will increase your premium.
If an issue arises or damage is done to the service line this could cost you anywhere from $3,000 to $25,000. This could be a very costly claim that you wouldn’t want to get caught without coverage. If a covered service line breaks or leaks, service line coverage may cover the cost of repairing or replacing the line, excavation work, and any landscaping that gets damaged during the repair process.
Lines in your yard that would fall under the service line coverage are water, gas/fuel, electricity, and connectivity. Some things that would be covered under this coverage is rust, freezing, and electrical malfunction. Some damage that is not covered under this is underground wires that aren’t connected, fuel tanks, heating and cooling, septic and wiring that runs through water.
Call us today to review your home insurance policies and to discuss service line coverage further and if it is a good fit for your insurance needs.
