Bevirt: Water, Sewer Insurance a Good Idea
A private company is offering coverage on the lines for $10—and that could save you big bucks.
By Tom Bevirt
In the fall, the Powder Springs City Council passed a resolution authorizing the mayor to sign a letter of endorsement with a private company to allow citizens to insure their own water and sewer lines. I might say that this was pushed by yours truly. Here is how it will work:
Come March, you will receive a letter from Utility Partners explaining how you can, for $10 a month, insure your water and sewer lines should there be a break. Do not throw this notice away. This could save you big bucks.
Anyone who has had a break knows how expensive it is to repair these lines. Some folks believe that the city is responsible should there be a break in their own yard. Not so—that is the property owner's responsibility.
The city is not going to bill you for this. It is strictly between you and Utility Services. If you have a break, you call them and they contact an authorized plumber to come out within 24 hours, if not sooner.
There are no deductibles, and they will pay up to $4,000 for repairs. The city gets the grand sum of $1 per property, which is not much.
So why worry? Latch on to this. No, I do not get some fee for pushing this, but I wish I did.
Tea Man
6:34 pm on Thursday, February 9, 2012
Let's see - 4,000 housing units times $120 per year = $480,000 per year to fix a how many broken lines? And my exposure is limited to $4,000 per event. Hmmm, maybe I'll open a water line insurance company! Tom, can you tell me how many of the 4,000 will go bad per year?
Tea Man
6:37 pm on Thursday, February 9, 2012
And why does the City get their $1 per property? Let's see, maybe another $4,000 for the Mayor's retirement?