wiadmin No Comments

Sewer Backup Coverage: Deciding If It’s Worth It

By Dez Duran-Lamanilao

When water overflows in a house, this means that the sewer has been blocked, and that non-stop rainfall or poor plumbing system may have caused it. When water emerges from your pipes, expect possible damage to the property. If you are renting out your property, there may be a bigger need to consider having sewer backup coverage. Let’s find out if it will be worth your investment. After all, having unnecessary additions to your policy might lessen the opportunity of spending your savings on more worthy causes.

Image source: FS Local Blog

Keep in mind that flood insurance does not usually cover sewer backups, and the homeowner must either buy it separately or request for an endorsement to an existing policy. Some of the main causes of sewer backups include:

  • Aging sewage systems – may depend on several factors such as materials used, how the pipes are installed, or if the property is near or located in flood-prone areas, or exposed to chemicals and other harmful substances
  • Storm water and raw sewage systems combined into the same pipeline
  • Blockages due to plant roots, shrubs, and trees; these can penetrate the sewer system and cause extensive damage
  • Water in basement or lower floors
  • A major rainstorm

With these factors in mind, evaluate the location of your property. Is it near trees or flood-prone areas? How old is your sewer system? On average, sewer systems in the US are over 30 years old. This contributes to increased sewer backups, backflows, and floods. Better yet, ask a plumbing expert to inspect your pipes if you think something is blocking the flow of water and to make an informed suggestion about your piping system.

Even if your property is located on top of a hill, this does not mean that it is already immune to sewer backup problems. Take time to evaluate your sewer backup rider. Compare costs and make sure that the amount you need to pay is not excessive, nor it is too cheap. If it is too low, chances are the restrictions are too many or the conditions may be difficult to meet if it is time to make a claim. Lessen the risks associated with sewer backups. Remember that your decision will impact not just your pocket, but the individuals living in your property as well.

wiadmin No Comments

Getting Insurance for Your Second Home | Vacation Home Insurance

By Dez Duran-Lamanilao

Image source: Zillow

Whether you are leasing your second home to seasonal travelers or keeps it exclusively for family use, there is always the risk of damage or loss from natural calamities, theft, and other unforeseen incidents or disasters. If you belong to the cautious group of homeowners, these threats may be enough to justify buying a second insurance for your vacation home.

What are the factors to consider when getting insurance for your second home?

  1. Check first your primary home insurance policy. Ask your insurer if the existing policy can cover a second home. Otherwise, you will have to purchase another insurance.
  2. If you are renting your home, consider a comprehensive insurance policy that will protect your property from fire, hailstorm, and any other catastrophe. The best way to deal with this is to determine first the risks to your home.
  3. Verify how much you need to spend if you add personal liability coverage. This will help minimize the costs if you are sued by someone following injuries obtained within your property.
  4. Be specific on what you want to insure. Second homes are usually covered by a more restricted type of policy called “named perils,” which means incidents not indicated in the list will likely not be covered.
  5. Note that vacation or second homes tend to be more expensive to insure because they are either located in an earthquake- or flood-prone (waterfront) area or would normally feature special amenities such as pools and hot tubs.
  6. Never misrepresent facts when talking to your insurer. This may delay or void your rights when you make claims in the future. The savings you are hoping to get will not be worth the risk.
  7. Ask your agent about a personal umbrella policy (PUP) for greater liability protection. However, PUPs generally cover incidents related to personal negligence. For vacation rental activities, a specific umbrella (commercial) will be required.

Before the family gets busy preparing for that much-needed vacation, check with your insurer your available options if you wish to insure your second home. Protect your investment. Call an agent now.