Homeserve - Sewer backup - insurance

[Rob Gribben]

I own two properties in Baltimore city.  I keep getting letters from Homeserve trying to get me to purchase sewer line backup insurance.  The city has contracted with Homeserve to provide insurance against sewer line backups that spill over into the basement.  It's the city's way of trying to avoid having to pay for these issues when they happen (and they do happen pretty frequently).  The city is currently replacing sewer lines, and the work is apparently leading to a lot of sewer line backups into basements.  There was an article in the Baltimore Sun over the weekend about it.  Seeing that article made me think seriously about purchasing the insurance plan.  I'm trying to figure out if it's worth it or not.  Are they going to cover the cost to clean/replace drywall, etc., or just clear the block and then you are still stuck paying for damages?  Any other Baltimore investors/landlords have or consider purchasing insurance that covers sewer line backups?