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Ed Pawlowski[_3_] Ed Pawlowski[_3_] is offline
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Default water line insurance

On 2/6/2019 10:37 AM, badgolferman wrote:
My *electric* company Dominion offers water line insurance for
$4.95/mo. which supposedly covers water line repairs from the main to
the house. My house was built in 1967. I plan on being there for
another 2-3 years so I subscribed for the insurance, not wanting any
more major expenses on this house before I sell it. My mother had to
have her water line repaired for a 1980 house the year before she sold
it and that cost her around $3500.

Tell me why this was a good idea or a bad idea...


That is $59.40 a year. In my case, I've owned 3 houses for the past 53
years so I would have paid (adjusted for inflation) $3148 for coverage.
My new house is 2 months old so no, I'm not paying it. I see no need.
Meantime, I has $3148 to spend on something more fun.