There are many factors to consider when purchasing home insurance.
One thing that many people don’t think about is whether or not their plumbing is covered! You might want to take time to explore the company’s policy before making your final decision.
Do I have to purchase a policy that covers everything or can I pick and choose the parts of coverage that are important to me? What types of coverages come with homeowner insurance policies? How do I save money on my Home Insurance Policy?
This article will help answer these questions and more so you can make the decision that best suits your needs.
Home insurance is a big decision. It’s something you purchase to protect your home and family from the unexpected, but it can be difficult to know what kind of coverage you need.
It depends on your lifestyle and personal finances, as well as how much risk you want to take on when it comes to protecting your home from damage due to natural disasters or theft. Homeowners insurance usually includes protection against fire, storm damage, theft and more – but does that cover plumbing?
For many people who don’t think about this before purchasing their policy, they discover too late that there’s no coverage for plumbers’ fees if things go wrong with their pipes. That means they have a big bill coming up which they weren’t expecting.
- What is home insurance and why do you need it
- Why should I get homeowners insurance for my plumbing
- How much does homeowners insurance cost
- Do I have to purchase a policy that covers everything or can I pick and choose the parts of coverage that are important to me
- Different types of coverages offered by Home Insurance companies
- Tips on how to save money on your Home Insurance Policy
What is home insurance and why do you need it
Homeowners insurance is designed to help protect your home from the unforeseen. This type of coverage typically includes protection for damage due to events such as fire, theft, storm damage and more. For many people however, they discover too late that their plumbers’ fees are not covered under their policy if something goes wrong with their plumbing.
Why should I get homeowners insurance for my plumbing
Many people fail to think about this before purchasing their policy and later on when a plumbing emergency arises they find out they will have a hefty bill coming up which they were not expecting. So while some may not see it as a necessity, it is always wise to purchase an insurance policy that covers your plumbing.
Most people don’t know that a sewer line replacement can cost as much as $30,000. Of course, not all sewer line replacements cost that much. The cost is often calculated by a cost per foot, which can range anywhere from $50 to $250 per foot.
However, the cost can be heavily impacted by the ability to access the pipe. If the pipe is 10 feet underground and runs close to public roads or other utilities, then additional costs will be needed for permits, tractors, trucks and waste disposal. Most city ordinances require that “gray water / mud” be vacuumed up into specialized trucks.
How much does homeowners insurance cost
The reason it is difficult to give a one-size-fits-all answer when it comes to how much home insurance costs is because different factors can affect the price you pay in a big way, such as where you live and the amount of coverage you choose.
The price is determined by an estimated value, which is determined by local authorities. The estimated value is not always the same as the recent sold price.
The insurance premium is calculated on an annual amount, which is then broken down into monthly payments.
The average annual premiums typically range between $645 – $2,148.
Do I have to purchase a policy that covers everything or can I pick and choose the parts of coverage that are important to me
While all of us would love it if there was one golden policy that had everything we needed, unfortunately these types of policies don’t exist yet. However, just because you can’t get a one-size-fits-all policy doesn’t mean you have to purchase a different policy for each type of coverage. If you want, you can pick and choose the parts of your coverages that are important to you.
Different types of coverages offered by Home Insurance companies
When it comes to home insurance, not all of the same types of coverage are included. They can vary depending on what type of policy you choose. Most home insurance policies will cover “sudden or accidental events” to the plumbing system.
However, most plumbing incidents will result from a lack of proper maintenance or some result occurring slowing over a long period of time.
Therefore, most homeowners insurance policies will not cover plumbing problems. However, they often will cover water damage caused by bursting pipes.
That’s where we at Zippy Plumber can help you.
We work with insurance companies to ensure that the appropriate expenses are covered by your home insurance plan.
If you have a plumbing emergency and you need guidance on whether or not the cost will be covered by your homeowner’s insurance, then call us now: 404-989-2110
Tips on how to save money on your Home Insurance Policy
Source your policy by researching online and calling different providers to get quotes. This will ensure that you know all of your options before you choose a policy. It may also mean that you are able to get better rates if you find someone who can offer you a lower price than your current provider. Shop around for the best deals at least once every few years, because insurance companies change their prices regularly so it is possible that your existing insurer might have increased their premiums without telling you.
Conclusion
The decision to purchase home insurance can be a tough one because there are many factors that must be considered, such as what kind of coverage is right for you and how much it will cost. As with any major financial decision, the best way to make this choice is by researching your options thoroughly before making a final call. You should also consider shopping around at least once every few years in case an insurer has increased their prices without telling you – or if they offer better rates than your current provider!
More than likely, your plumbing will not be covered by your homeowner’s insurance policy. However, certain damages to your property might be covered by your homeowner’s policy.
If you’re located in Atlanta, Georgia, then give us a call. We can help you navigate the process.