Lu has been receiving pitches for gas-line insurance for her home. She wants to know if it’s worth it.
Many homeowners receive such solicitations. Sometimes they look like they were sent by a utility. Sometimes they’re more straightforward about being from a private company.
The nuts and bolts are usually the same. You pay a monthly fee and you’ll be covered in case there’s any problem with your gas line.
But there are catches. Most such policies cap the amount you’ll be covered for annually. Also, the fine print may exclude a number of circumstances.
So is gas-line insurance worth it? Check out today’s Ask Laz video.