Optional Sewer Backup Insurance Can Save Hassles Later
In Most Cases, You can protect yourself from this "freak" event for less than $50 per year
It doesn't happen too often, but when a sewer backup does occur, it can leave you in a big stink.
Yes… we went there. But other than the smell, you'll be facing some really difficult times. Most consumers don't realize that their homeowner and renter insurance policies do NOT usually cover this type of damage. In fact, many consumers don't know about an optional and often inexpensive endorsement or rider to their insurance policies that can save them tens of thousands of dollars and only run a few dollars per year.
If your home isn't built with devices to prevent backflows, consider contacting your insurance company to see if this type of endorsement is available for your policy. During our research, we have found that the average cost to add this coverage to a $200,000 home was less than $50 per year. That's cheap insurance considering that a simple backup can destroy your home.
What's $50 per year? It could be a lot more than if you are under water and don't have it.
Think about the amount of damage that 15,000 gallons of raw sewage can do to your home as it's spilling from every drain. Of course, that type of damage isn't something you can clean yourself. The entire house will become a hazardous waste site and will require heavy decontamination and gutting. Any personal items it touches are not salvageable, period. You may not even be allowed into your home.
What's the cost involved? If you factor in decontamination and gutting all portions of the dwelling affected, you are looking at anywhere from $15,000, up to and including the cost of the entire home. That's not even factoring in any repairs to the sewer pipe leading out to the street. Those could be your responsibility, too, depending upon the type of backup and how it was caused. Children have been known to flush all sorts of things, so don't think it can't happen!
It only makes sense. For such a small amount of money you can be covered against this type of loss. While we hope you never have to use it, you sure will be glad you have the coverage if the need arises.
Don't think you want it? That's fine, too. But at least contact your insurance company and ask about the additional cost involved in adding this endorsement. One member recently surveyed spends just $7 per year to protect his $150,000 investment. It's a no-brainer!
Will you take the risk? Sure, it might not have happened to anyone you know. But that's why these types of situations are called "freak" events.
Can you Use Money That Is Mistakenly Deposited Into Your Account?
Have you ever noticed that your bank account somehow had 'extra' money in it even though you knew for a fact it wasn't yours? If so, you are not alone. It happens more often than you would think. All it takes is for a bank teller to type in one wrong number at the time a deposit is being made.
Is the 10 and 2 Driving Position Now Dangerous in Newer Cars? If Your Car Has Airbags, You May Want To Change This Habit.
Advances in airbag technology have made 10 and two quite dangerous, according to the American Driver and Traffic Safety Association. The old position puts the driver's fingers, hands and arms in the way of the airbag, which deploys at speeds of nearly 250 mph.
It's Possible To Remove Minor Car Scratches With Whitening Toothpaste
Have you ever considered using toothpaste on your car to take out a few of those minor scratches? If the scratch hasn't yet penetrated the clearcoat, there is a good chance that you can fix the problem with a little bit of elbow grease and whitening toothpaste.
The Better Business Bureau Can't Really Do What You Think It Can Do
Tell all of your friends and family that you have some type of consumer complaint. We bet that at least half of them will tell you to contact the Better Business Bureau (BBB) for some kind of resolution. But can the BBB really help consumers? It really isn't what you think it is.