Taking the Financial Pain Out of a Big Stink
April showers sometimes bring more than sweet smelling May flowers. Every now and then they bring not such sweet smelling sewage water into people's basements. And that makes now an ideal time to check whether you have sewer-backup insurance. As reported in the Wall Street Journal, most homeowner policies don't automatically cover sewer backups, and just 20 percent of policyholders opt for the additional coverage. A rider usually can be added for about $50 per year for $5,000 worth of coverage.
Matt's View
Besides looking into such coverage, one simple tip that helps prevent sewage from backing up is to avoid putting grease into sinks or paper towels and diapers into toilets.
This article filed in: Insurance
Managing Money by The Book
- "I delight in your decrees; I will not neglect your word." - Psalm 119:16
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