But often times random things happen to your home that could set you back thousands of dollars due to damage in floors, walls or electrical systems. Knowing you have the right coverage will save you in the long run, big time.
One of the most common causes of expensive repairs in a home is sewer backup. You may assume your city sewer system would be the responsibility of the city in the event it failed. Or your first thought may be that homeowner's insurance would cover your issue. Imagine the scene, you wake up one morning to find a mess in your home. Or you go away on vacation and your toilet fails leaving your home flooded.
Upon a phone call to your insurance agent, you come to the painful realization that this stinking issue in your home is just that.... stinky. If you don't have a sewage back up and water intrusion rider added to your insurance policy when you purchased it, you may be out of luck.
I was fortunate enough to have my agent mention this little fact and advise me to add the rider to my policy (only costing me $25 a year). This simple insurance rider saved me over $30,000 when I had quite an incident happen in my home while away on vacation.
So now you know, call your insurance agent today and make sure you have the rider.
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