Service Line Coverage Cost. Service line would pay up to $10,000 for excavation, pipe and driveway repair. This new coverage protects you from unforeseen repairs and replacement of underground pipes and wiring that bring water power and data to your home.
That’s where homeowners equipment breakdown and service line coverages come in. Either event can cost you thousands of dollars to fix. Now, according to state farm®, a service line coverage may be added to your homeowners policy at any time for a low annual cost with a $500 deductible and a $10,000 limit per occurrence to provide coverage for loss or damage to critical services to your home.
This includes covering the cost of the repair, the cost of damage to outdoor property and the cost of additional living expense or rental value.
Service line would pay up to $10,000 for excavation, pipe and driveway repair. Some utility companies offer water and sewer line coverage for a few dollars a month. The small cost of service line insurance can really pay off if you ever need to repair or replace a damaged line. Service line coverage is a homeowner’s insurance endorsement that reimburses you in the event that a utility line is damaged.