I posted about Exterior Electrical Insurance just over a year ago.

Briefly, a firm called HomeServe – which has been fined for misrepresentation in the UK – was trying to convince us to pay a small monthly fee to cover repairs to electrical power components that virtually never need repair.

We just got another pitch on behalf of HomeServe from Penelec. The fee is a bit larger, six dollars per month, but the covered components are still weatherhead, insulator, riser, meter base and service entrance conductor. The upper limit of coverage is $3,000, which would require several repeat visits of replacing everything. They don’t cover storm damage, accidents or negligence.

We’ve had our house for over a decade, so the $720 we’ve saved by not making these payments would be more enough to replace all those components ourselves.

The Ripoff Report has a recent entry on HomeServe’s failure to honor their water and sewer insurance:

My husband has spent hours on the phone having each HS person he has talked to tell him that they would not cover the problem. Evidently, the next time we get sewage backing up into our house, they might pay for it however.



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