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Default Sewer or water line insurance

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