Any time I can make a reference to an old blues tune, I’ll do it.
Note: I originally wrote this in July 2010, but it applies all the time!
We just finished a pretty wet June, and I’ve heard some stories about basement flooding. One coverage I ALWAYS quote on homeowners insurance is sewer/drain backup coverage. This is extremely important to have, because it typically isn’t included in the base homeowners policy form.
There will be a maximum coverage associated with the sewer backup coverage – $5,000, $10,000 and $25,000 are pretty standard. The maximum you choose depends on what belongings/furnishings could possibly be damaged in your basement or lowest floor of your home.
ALSO covered is drain backup – I just heard a story about someone’s toilet “shooting water out like a geyser.” Whew, I hope no one ever calls me with a story like that!
Water/sewer backup coverage is different from flood insurance. An easy way to think about this is which way the water is going – typically with flooding, the water comes into the home and down. With sewer backup, the sewers literally get full/backed up, and the water comes back into your home at the lowest point.
If you’re not sure what you have, look at your policy today and call your agent/broker. Or, call me to review your coverage. I will give you an honest summary of what you have! My contact info can be found at www.mannogroup.com.