5. Water Line Coverage
Water companies have a tendency to sell policies that cover the repair of the water line that runs from the street to your house. You will probably never use this type of coverage, especially if your house is a new one.
However, let’s imagine that your home is in an average suburban neighborhood and you actually need to fix the water line. If the distance from your house to the street is short, the problem will be fixed with a few thousand dollars or less. The cost will actually be the same if you have a water line coverage. So, you shouldn’t opt for this type of policy.