We have talked on this topic before, but hearing it from an Indiana Farmer’s employee who actually helped add the Underground Service Line coverage to the Indiana Farmers Insurance homeowners product, makes it that much more “real”! He implores us all to to discuss the Underground Service Line coverage with our clients knowing you will each be better protected and won’t be in a tough position when this coverage is needed! His story begins with, “I remember it clearly. . . It was the evening of the Indiana Farmers Insurance Open House in 2019. I returned home late that evening to the sound of water running.
I turned off the valve coming into the house but still heard it. I went outside and checked the meter; it was still spinning although no water was being used. I then turned off the main valve and called a plumber.
Sure enough, there was a break in the waterline where it connected to the house. Our home was only 13 years old at the time. It was thought the contactor may have over-grouted the connection so there wasn’t enough give, but it was well beyond the time to go after the contractor.
Then it dawned on me, I had helped add the Underground Service Line coverage to the Indiana Farmers Insurance homeowners product but had failed to add it to my own policy! I would have had $10,000 in coverage with a $500 deductible for less than $20 with the Underground Service Line coverage. Instead, I spent $5,000 and two very hot weekends putting the lawn back together.
I refuse to be embarrassed twice. So, when my wife and I built a new home last year, I made sure to add the Underground Service Line coverage. I also opted for the HO-5 instead of the HO-3 for maximum protection for the largest property asset we own.”
Be sure to discuss the Underground Service Line coverage with your clients. They will be much better protected, and you won’t be put in a tough position when this coverage is needed! To learn more about the Underground Service Line coverage view the Homeowners Optional Coverages flyer or the HOM 1016 endorsement.