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Will My Homeowner's Insurance Cover Tree Roots Damaging My Sewer Line?
January 3, 2020
Homeowner's Insurance Plans Vary Greatly, But Generally No.
First, it is important to understand that in New York State homeowner plans can differ widely. They are each unique. Rarely will you find one policy with the very same coverage sets as another.
Nonetheless, without a specific kind of endorsement (remain tuned), a standard homeowners insurance policy does not cover damages to a sewage system line created by infringement of tree roots.
Why? The answer though not obvious is pretty basic.
A sewer line does not fulfill the meaning of a Dwelling or Other Structures on a homeowner plan. See a fragment from a conventional homeowners policy below:
Nonetheless, a there is an endorsement that provides insurance coverage for a drain line. It is an option that can be included with some policies for an additional costs. It's called:
Service Line Coverage (Sometimes described as Underground/Sewer Service Line Coverage).
Among the insurance carriers that supply this coverage as the underwriting carrier is Munich RE/Hartford Steam Boiler. Excellent information on Service Line Coverage can be found on their website here: Service Line coverage for Homeowners.
If interested, give as a call and ask about Service/Utility Line protection. There are several companies who offer this coverage.
Would you like to discuss your Homeowner's Insurance coverage in greater detail? We’re here for you. Give us a call at 607-324-7500, or contact us via chat on our website: https://www.ryanagency.com
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The year 1962 was marked by historic events—from the Cuban Missile Crisis to the passing of Marilyn Monroe. But while the world focused on these headlines, Lee A. Ryan was working alongside his brothers on my grandparents' farm when an unexpected opportunity arose—an invitation to join the insurance business. With no prior experience, no clients, and limited resources, my dad took a leap of faith and partnered with Nationwide Insurance to start an agency from scratch. Operating out of his home on Karr Valley Road in Almond, NY, he built his business one relationship at a time (some of whom are still clients!), laying the foundation for what would become a lasting legacy.
“Am I covered if I drive someone else’s car?” Or, “Am I covered if someone else drives mine?”
Many don’t realize that the insurance industry is one of the country's most regulated business segments, especially in New York State. The New York State Department of Financial Services (NYS DFS) wields significant control over the insurance business and has a stated goal of protecting consumers.
Most property insurance companies offer Actual Cash Value or Replacement Cost settlement options. Typically, insurance companies will require that you insure the property to the settlement value you choose. If you select Actual Cash Value, the amount you may be required to insure the property for will be less than the corresponding Replacement Value.
In that spirit, the Ryan Agency is sponsoring a Stearns BBQ Dinner pickup at our office on 57 Broadway Mall in Hornell on September 12th from 3:00 PM to 4:30 PM.
Today, an individual’s credit history can play a more significant role than any one of those traditional factors. Good Credit Scores lead to a Positive Insurance score. A good Insurance Score greatly influences what someone will pay to insure their vehicles.
Insurance companies offer various discounts for which their policyholders may qualify.
Great Eight number Six (6) suggests taking a look at removing Comprehensive and Collision on Older Vehicles.
By reducing the number of claims in your insurance history, you can significantly affect your rates in the future.
Sometimes, this concept meets with resistance from policyholders. The thought of paying more in the event of a claim is off-putting to some. Even if that means I pay more for my insurance.
