insurance

[paul 1]

i have plumbing and drainage, and water supply pipe cover insurance with my water company (cambridge water).

the first costs �8.00 per month and second �2.00.

sounds to cheap? and is it worth having?

i have full buildings and home insurance.

also insurance with direct line that covers water leaks in the house.

your comments and advice please. Thanks

[Ethel]

I only have the usual buildings and contents insurance.

I have heard of anyone suffering from burst pipes in over 40 years - it was common when I was younger and everyone had outside toilets, but plumbing is better these days and pipes are mostly in well heated houses.

But then I can afford to pay if something does go wrong.

[luxury]

Hi Paul,

We have the usual buildings and contents and it covers inside plus the usual rebuild of house etc. It does not cover outside drains/pipes on the property.

So we also took outside water drainage insurance and thank god we did!!!!!

The outside drain collapsed (we have a very old house) and the buildings/contents didn't cover it and it was on our land. The cost was more than we would have wanted to pay (quite a few thousand) and since we are insured (�15 pm) with Southern we used it.

Bit like playing the dice really. A gamble worth taking???

L.

[Ethel]

If you live in a newish house and your drains and sewage are in good repair, there really is no need for it.

My house was built in the 1960s and I have an inspection cover on my drive. Everything it perfectly as it should be.

[luxury]

Yes I agree. Age of house will be a point. Ours is 1800's and built on farm land. We needed to take out the insurance. :)

[gina32]

i have insurance as well and mine was cheap, first year and all that, i personally think its a good idea, you cant see whats going on underground and regardless off whether i could afford it or not whats the point in paying out hundreds if something does go wrong when a few quid will cover it.

[Ethel]

Well I've been a householder for over 50 years, so I've probably saved a few thousand pounds not having this insurance.

[gina32]

good for you but if you hadnt and something had gone wrong, youd have wasted thousands of pounds, i assume you have household insurance so whats the difference, we all want to save money if we can