Homeowners Insurance Type A

Water Line Insurance

Whether it is life, home, health or auto…insurance helps keeps life's unexpected events from breaking your budget.

But not all insurance is a good idea.

If the water meter on your property breaks…it could also break your bank.

"It could be anywhere from $200 up to $1,500 to $2,000," says Graham Rich, CEO of Central Arkansas Water.

Rich says his customers started calling this week with questions about an offer they received in the mail.

It is from an out-of-state company called HomeServe and it is offering water line insurance…up to $6,000 worth of coverage for $4.99 per month.

"Insurance is great but…water line insurance is just something that…it doesn't happen all the time," says Mike Rohrer with the Arkansas Better Business Bureau.

And if you buy HomeServe and have a problem, Rohrer says chances are slim it will be covered.  Acts of god, normal wear and tear, emergency repairs made without prior authorization…and much more…are all excluded.

"Faucets are not covered," adds Rohrer.  "Freezing is not covered.  So there are so many exclusions in their paragraph it's hard to figure out what they actually do cover. And they don't tell you."

We are aware of homeowners in Pulaski, Garland and Independence counties being contacted by HomeServe.

While the problem of a water line break can be real…

"From the water meter to the house is the home owner's responsibility," says Rich.

…water line insurance may not be the best solution.

"This type of stand alone policy on its own does not have much value," says Rohrer.

HomeServe has run afoul of the Attorneys General in Kentucky, Ohio and Massachusetts and now Arkansas' Attorney General is taking a look at the company.

Home Insurance Policies | Redflamencos | Home Properties

Your home is definitely one of your most valuable assets or investments, if not the most valuable. In this regard, a lot of home owners actually prefer getting homeowners insurance policies.

Nonetheless, you must also know that getting a home insurance policy can be a little tricky. In fact, with the proliferation of companies offering policies for home insurance, the competition is getting more and more intense. And each company offers different packages and perks as bait to potential customers.

In the same manner, as you scout for a home insurance policy that will suitable for you, you will also find out that there are actually a lot of options as to the different types of policies.

This is essentially why before you sign an agreement with a company for a certain home insurance policy, it is very important that you do your research about home insurance policies and your available options first. Gather enough information as the rudiments of every policy as well the company offering it. Getting quotes from various companies is as equally important as well.

In this regard, here are some information about your options when it comes to the different types of policies that are available for home insurance purposes.

The most basic of all the home owners policies is the HO-1 or Homeowners Basic Policy-1. Essentially, this type of home insurance policy will cover your house as well as the fixtures included in it. So if in case or by any accident, your house is damage by fire, theft or natural weather occurrences, this policy will be able to cover for the expenses.

Aside from the circumstances mentioned above, this type of home insurance policy will cover your house as well as the other valuable items inside it against 10 different types of peril as declared in the agreement. The thing with this type of policy though is that a lot of companies have already discontinued offering it because they found it to be redundant in many states.

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