Here's a full transcript of the episode.
Rob: Greg Marcyniuk, at Heritage Insurance in Downtown Moose Jaw. Greg, we've talked about it a number of times over the course of the past several years how important it is to have service line coverage under your insurance policy at your home. It covers a number of different service lines that you need to operate.
Greg: That's correct, Rob. It covers the cost associated with repairs to underground pipes wiring from the street to your house when damage does occur on your property. And then an example is if tree roots come through and invade your PVC or your cast piping and it snaps and break, it does provide coverage for you to get this actually fixed.
And with all the city doing all of this cast iron replacement and then you're getting it taken a look at, that's when we're finding that a lot of people have had damage to their lines going out to the city line. And it just makes it a lot less expensive to have this coverage in place. And as well, it does cover any other drainage lines, any compressed airlines, communication lines power and electrical lines.
Now, as far as the amount that it's covered for, it's covered for up to a maximum of $10,000 with a thousand dollar deductible. And a big part, too, is to remember that it covers from the exterior to the city line. It does not cover any of your interior. So, there would be some additional costs. I know people have gotten it and been a little bit frustrated the fact, but it's just exterior to the city line.
So, it's great coverage in place. We see it being used quite regularly, especially now with the city doing all of these replacement lines. So, very important that you do have this coverage in place.
Rob: I know it came in real handy for me and I still have it at your recommendation.
Greg: Well, that's right, Rob. And, again, we do try to talk to everyone and all of our clients that it is very good coverage to have in place and that you do have it there in the event something does happen.
Rob: Now, once you're covered with your service line coverage, it's also a good idea to take a look at home systems protection, which is something else you can add to your home insurance.
Greg: That's correct. The home system protection covers repairs or costs on your home systems equipment and major appliance breakdown. And why do you need it? Like, for example, if you have a power surge, something along those lines, again, it's not a maintenance program, it's due to payrolls insured.
And what does the coverage cover? Furnace, water heaters, air conditioning, kitchen, laundry appliances, home entertainment equipment, radiant floor heating, air and water filtration systems, computers, electronics, exercise power equipment, well pumps, sump pumps, or pool pumps, and as well electrical panels. Now, this comes with a 50,000 max coverage and a thousand dollar deductible.
Now, the important part on this coverage is it's not replacement cost, it is depreciated. But it does come in handy especially with the amount of electronics that are going in homes and the cost of the electronics. And it seems the newer stuff does seem to not last as long and they seem to be a little more vulnerable to any sort of power surges and those type of things. So, not that expensive and another good add-on for your home insurance policy.
Rob: Service line coverage and home systems protection, you can get all the information you need by dropping into Heritage Insurance or checking it out online.
Greg: That's correct, at heritageinsurance.ca or come in and see any of our fine people at the corner of Fairford and 1st Northwest.
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