No one wants to wake up or come home and find that their sump pump has failed or their sewage has backed up. When they fail, they often bring water into your home and can cause a lot of damage. These failures can cause damage to floors, walls, furniture, and personal belongings. Luckily, there is a form of insurance homeowners can have to repair these items easily. However, many people do not know about sewage and sump pump insurance coverage and don’t know they don’t have it until the systems fail. Many homeowners do not know what it is, what it covers, and how much it costs. So, continue reading to understand why it is so helpful in the most inconvenient times.
What is Insurance for Sewage and Sump Pumps?
Sewer pipes get old and sump pumps fail. It is unfortunately common for homeowners to run into these issues during their lifetimes. Sewage and sump pump insurance is commonly referred to as water backup coverage and is popular for homeowners to add to their coverage. The insurance will cover any water damage your house has from a sewer, drain, or sump pump failure. Due to the prevalence of water damage, most insurance companies offer water backup coverage as an added benefit. The price is relatively low. Plans are typically around $170-215 annually, which is worth it if you end up needing $25,000 plus repairs.
What does it Cover, and How Much Coverage Do I Need?
Water backups can happen to anyone, so it is highly recommended that all homeowners be insured, regardless of where they live. Water backup coverage will have your back when it comes to failures of sewers or drains, sump pump or related equipment, and any system designed to remove subsurface water from the foundation area. The amount of coverage each home needs depends on a variety of factors. You might want more coverage if your home has had water backup issues in the past and what features you have in your basement. Water damage typically happens in the basement, so if you have a finished space with amenities, a bathroom, washer and dryer systems, you will want more coverage. If you have an unfinished basement that is not in use a lot, less coverage might be better.
When it comes to home insurance, always expect the unexpected. Water damage is one of the worst things that can happen to homeowners. Be proactive and make sure you are covered by sewage and sump pump insurance. To prevent failures in the first place, make sure your sewer and sump pumps are up to date, properly dispose of paper products and oil, and schedule routine check-ups for your systems. If you cannot remember the last time you had your sump pump or sewage systems checked out, contact us today. We can ensure your home is safe from possible water backup issues.