On Tue, 7 Jan 2014 17:51:24 -0800 (PST), wrote:

Just curious if anyone has an opinion on water or sewer line coverage. I received an offer for about $10 monthly to cover these, including cleanouts and repairs or replacement of the sewer. Being that mine will need replacing sooner or later, I thought about buying it. Then I thought that the $7k benefit for replacement may not be all it appears to be; the company chooses the contractor and they could easily charge 14k for a replacement

Exactly. I don't like them picking the plumber.

And does the state you live in have them registered.

that a neighbor paid 8k for recently, meaning I would still have to come up with another 7k, not a great deal.

I tend to assume that the rates will be very high for any insurance
policy so specific. And does your regular homeowners insurance cover
the same thing, maybe. (I've never read my policy. Oops)

A friend has a kitchen appliance policy, or maybe it covers more than
that, but she's had a run of bad luck and 3 things have broken. They
paid for replacements on all of them, far more I think than she spent on
premiums. But nothing invovled a contractor, just a deliveryman, and
connecting a gas stove, which a friend did for her. .

In general, you can be a self-insurer and only buy insurance for losses
you can't afford to bear. Like if your whole house burnt down, you
probably couldn't afford to pay for another. But a water or sewer line
you can probably afford.