Should I cancel my coverage for water backup and sump overflow?
"My homeowners policy has optional coverage for water backup and sump overflow, which costs around $100 a year. Since I don't have a sump pump, would it be a good idea to cancel this coverage and pocket the money?
Water backup and sump overflow coverage protects you from more than just a failed sump pump. It also provides coverage for any damage in your home due to clogged sewer lines or drains that can back up into your property. You would still want this coverage if you are connected to a public water and/or sewer system.
Did this answer help you?
Ask us a question by email and we will respond within a few days.
Have a different question?
You can meet us at our office and discuss the details of your question.
Read advice from car experts at Jerry
Browse by topics
What others are asking
Why does the interest fluctuate on a fixed-rate car loan?
I have a car loan with a fixed rate, but the amount of interest charged varies month to month. Why does the interest amount fluctuate like this?
Mar 18, 2021
Where can I find the best rate for minimum liability insurance in New Mexico?
I live in New Mexico and have a $500 car. I just want the cheapest auto insurance possible, as my car isn't worth all that much. Where can I find the best rate?
Apr 28, 2021
Can I pay my auto loan on Friday if it's due on Sunday to avoid a late fee?
"I get paid on Friday. I believe that if I get the payment in by Friday afternoon, it should go through the same day. If it doesn't, will my payment be considered late?"
May 26, 2021