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Why are Exterior Utility Lines Not Covered By some Homeowners Insurance policies?
Aug 21, 2020
Your company may allow coverage with an endorsement or enhancement bundle!
Typical homeowners insurance policies do not cover loss to structures or fixtures caused by wear and tear, gradual deterioration and earth movement. Put another way, those “causes of loss” are generally “excluded” from coverage.
Those are the types of loss to which water lines are subject. So, it seems logical that is the reason that most homeowners policies do not offer this coverage as a standard item.
Recently, companies have offered endorsements (sometimes called riders) that provide this type of coverage for an additional premium.
The product is commonly called “Service Line Coverage” or “Utility Line Coverage”. This endorsement can extend coverage for:
- Water piping to a residence
- Sewer piping to a residence
- Ground loop piping to a heat pump
- Power line for electrical service
Hartford Steam Boiler/Munich RE
was one of the first to offer this program through partnerships with other insurance carriers by reinsuring this add-on coverage.
Some retail homeowners insurance companies sell the endorsement a-la-carte for a set premium (in our area the going rate is around $25/yr). Other carriers offer it in a “bundle” of extra coverages.
For an overview of what this product covers see Munich RE’s product brochure here: Hartford Steam Boiler Service Line Coverage PDF
Do you have additional Homeowners Insurance Questions? We LOVE to help. Please feel welcome to call us at (607) 324-7500
Some retail homeowners insurance companies sell the endorsement a-la-carte for a set premium (in our area the going rate is around $25/yr). Other carriers offer it in a “bundle” of extra coverages.
For an overview of what this product covers see Munich RE’s product brochure here: Hartford Steam Boiler Service Line Coverage PDF
Do you have additional Homeowners Insurance Questions? We LOVE to help. Please feel welcome to call us at (607) 324-7500
This article may have been originally published at Quora.com.
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