When is the last time you tried digging a hole? Like a decent sized hole. Probably when you were a young kid. You’d start with a small little hole to dump some rocks or something into it or something and then gradually increase the size of it. Then when you got to the two foot mark, you realized that this ground is fairly solid and difficult to dig as it becomes quite compact. I do not know what that story has to do with this blog, but bare with me.
There is a new product called ‘Service Line Coverage.’ This coverage is now available with most insurance carriers. It is in place to cover a few things you wouldn’t normally think about. Did you know that from the property line to your dwelling, everything above and below ground is your responsibility? That’s where this product steps into action.
With all the water, sewer, power, and phone lines now running underground, there is the potential for those lines to break under pressure. The cost to dig these lines up and repair the broken line is covered under this coverage.
Over time, people build decks, patios, driveways, underground sprinklers, and fences to complete their yard. Usually people don’t even check where these lines are running before they build these items. This can cause a huge problem when one of those lines break and now you have to jackhammer out a patio or tear out a deck to get to the broken line. This coverage would apply to cover these landscaping costs as well.
There is $10,000 coverage currently available. It is fairly inexpensive as well, with the premium coming in around $3.50 per month ($40 per year). If this is something you would be interested in, please contact our office. SGI Canada has some additional information about the coverage here on their website as well.
Our goal at Block’s Agencies is to provide you with proper, effective coverage for what your needs are. Every person’s needs are different, so please contact us to review your policy and to have a conversation about what your main concerns are so we can design a policy that will meet your needs. We have an excellent staff that can help you get a policy designed specifically for you and can enlighten you on situations that can arise from experiences we have seen in our industry. We value our relationships with our clients greatly, and our number one goal is to make sure you’re looked after the best way possible. After all, insurance is only as good as the coverage you have when a claim arises. So let us help you.