Sometimes it’s impossible to fix everything in your house on your own. You may need to outsource and hire a plumber for a job that you can’t fix yourself. However, are you covered by your insurance for these needs? Should you be? What kind of plumbing insurance is out there? Here, Prominence Support, who offer insurance cover for mechanical and electrical breakdowns explains why you do need a plumbing and drainage insurance.
Why Do I Need Plumbing and Drainage Insurance?
Like any insurance, you need the coverage in case something went wrong. If a pipe bursts or a drain is clogged up beyond your ability to repair, you’ll need to hire a professional. Plumbers are not cheap if you don’t have insurance, so make sure you do ahead of time.
Some companies charge a standard and premium insurance price. The standard price covers big accidents like pipe bursts and blocked external drains. However, the premium package can include coverage for smaller issues that still can plague your home, like leaks from a pipe. Check to see if the drain coverage also covers sinks and showers that are running slower because of minor clogs in the system.
Homeowners Insurance
If you have homeowner’s insurance it may cover sudden bursts and accidents that can occur with your plumbing. However, it may vary based on your contract. Small leaks and over- time wear and tear may not be covered on your homeowner’s insurance. Check what insurance you have when buying a house. Leaky pipes can be annoying, detrimental to your house, and expensive without coverage.
Also, make sure you get or have drainage coverage. Sometimes this is not included on your regular plan but can be important in case a drain clogs up or a malfunction occurs. Make sure you’re covered for any scenario that may happen to your home.
Buying Through an Independent Company
Plumbing insurance and drainage insurance can also be bought through an independent company outside of your homeowners’ insurance. Some plumbing companies allow you to buy plumbing insurance directly through them. Often these companies will have different options you can buy.
Make sure to purchase both plumbing and drain insurance, so that you are covered for both. Read the fine print and make sure you’re getting the best deal. Also, take into account how old or new your house is. Older houses will need more maintenance and thus, more insurance.
Conclusion
Overall, plumbing and drainage insurance is important for any mistakes and accidents life may throw at you. You’re not immune to accidents and you can never truly predict when they will happen. Check in that your homeowner’s insurance covers your plumbing and drainage needs or buy your insurance separate through an independent company. Choose an insurance plan, if you don’t already have one that works well for you, your house, and your price range. The choice is yours, but make sure you’re covered in case of any accidental costs that may occur.
References
Home Plumbing and Drainage Coverage Plans l HomeServe
Plumbing & Drainage Cover & Insurance | From £2.22 Per Month (homeemergencyassist.com)
