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.