I can think of three failures in my lifetime. All were in houses over
50 years old. Of the three, two were in winter and the water was
running and making an icy mess.
It can happen. So can a meteorite crash though your roof. I'd not
My experiance from the mains to the meter (including the meter) is the
untility's problem. Short of an over pressure condtion anything on my side
of the meter is my problem. I'm near 70 save some dumb contractor digging
up the yard we never had a problem with a water line.
On Tuesday, June 18, 2013 5:45:28 AM UTC-7, (PeteCresswell) wrote:
I know of only two instances, both at my parents' old house. A 20+
year-old galvanized pipe became almost completely clogged but
didn't leak. Dad didn't know about copper pipe and didn't trust
plastic, so he put in another galvanized one (we kids did most of the
digging). That pipe developed tons of pinholes in a year, so Dad
finally gave in and bought PVC, probably because it was a lot
cheaper than copper. The PVC was still fine when the house was
sold, 15 years later. Neither pipe replacement took that long, but
things might be different in a colder climate with a deeper frost line.
I'm in NYC and the Water Board (or Department of Environmental
Protection?) recently sent out letters offering insurance protection
(through a private company) for water main and/or sewer pipe. Our
houses are around 70 years old and maybe 10 years ago I heard water
running when no water was running and it was my connection to the
main. It cost around $3000 as I recall. It was called a Long Water
Repairing a sewer line is much more expensive but also less likely to
leak. Someone I know in DEP does recommend getting the insurance but
I'm only willing to do the sewer one.
Depends upon what material your pipes are made of.
It could be that your area has pipes made of tarred wood fiber which was
made by the Orangeburg Pipe Company up into the 1970s when PVC pipe took
over as a material for pipes. In recent years, this fibrous pipe began
to fail due to crushing, roots, and other wear and damage.
You're right, of course. The folks offering the pipe "insurance" have
calculated the chance of failure for your area and have set their rates
accordingly. They'll do just fine.
If you're concerned about pipe (or any other) similar failure, the best way
to finance possible repairs is to self insure by putting the so-called
payment into a savings plan of some sort. Then you control it, make a
little on the savings and have it when you need it. Since you haven't heard
of any pipe failures, chances are you have time to accumulate enough money
before your particular chance of failure goes up.
But, it's hard to do and hard to keep up enthusiasm for the idea -- just
like setting up college funds, retirement funds and the like.
When we had a young family, it was hard to save. Once you accumulate
from about $5000 to $10,000 in cash or easily liquidated assets, you
can cover most any household problem Appliance replacement, new roof,
deductible on car insurance, etc. Even $1000 covers 90% of your
When I was stationed in Hawaii, I used to hitch-hike into Waikiki to go
surfing almost every day of the week.
Two rides still stand out in memory.
- The sixty-something guy driving a beater car with a bunch
of stainless steel cookware in the back seat ("RenaWare").
His story: "When I was young, I always drove a new car, always
had plenty money for the girls... and now I'm past retirement
age living hand-to-mouth selling cookware door-to-door".
- The somewhat-older guy (late seventies?) driving a new rental car
and staying in one of the better Waikiki hotels.
His story: "All my life I've been a bartender. No retirement plan
except for myself. I split every dollar I earned three ways: 1/3
for Uncle Sugar (taxes), 1/3 for savings, and 1/3 to live on.
I'm not rich by any means, but the world is my oyster."
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