If you are a landlord in New York State and own a 1-4 family rental, you can also add on this very important insurance coverage. For $20 a year, you get $10,000 of underground for all your service lines. This is especially for older, city properties who have antiquated sewer & water lines.
Even some of the national insurance companies – Travelers, Kemper, Allstate & Hanover – to name a few, don’t offer this coverage. We also have 1 insurance company that can do it for homeowners but not for landlords and doesn’t see that changing soon.
When an insurance broker like us, has 6 companies that offer this coverage, you know you can get a good policy, with $10,000 of service line coverage. In our office, we have already had 3 landlord’s use this coverage to replace their sewer and/or water lines.
Now we add it on to every 1-4 family insurance policy we sell for landlord’s.
Don’t go without this coverage.