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
- "Therefore everyone who hears these words of mine and puts them into practice is like a wise man who built his house on the rock. The rain came down, the streams rose, and the winds blew and beat against that house; yet it did not fall, because it had its foundation on the rock." - Matthew 7:24-25
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- Money, Purpose, Joy - Discussion Guide
- If you want to take your relationship with money to a whole new level, bring the subject into your small group. It can be scary to open up about money, at least at first. But the "Money, Purpose, Joy Discussion...…Read the rest
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