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Home insurance: Service Line Coverage?

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  • Nov 2nd, 2019 9:17 am
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[OP]
Deal Addict
Apr 18, 2013
3504 posts
1610 upvotes
Canada

Home insurance: Service Line Coverage?

Does anyone have service line coverage for their home insurance? It costs me $40 a year. Is it worth it?
2 replies
Newbie
Jan 19, 2014
38 posts
8 upvotes
Canada
Hey, I am a broker and I have service line on my own policy. I live in an old house and I know the water line was installed in 1956. My town has had several water main breaks in the last 5 years and I think it's worth it for the chance that the water line breaks on my side of the property line. That said, insurance companies make high profit on this coverage so it's definitely not worth it for most people (or the claims ratio would be higher).

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