The City Council in Sioux City, Iowa, has discussed setting up an insurance fund to cover the costs of water service repairs.
The Sioux City Journal says dozens of homeowners have had to pay hundreds or even thousands of dollars to thaw out or replace frozen pipes this winter. The service lines run from city mains to structures.
An insurance fund likely would require a small increase in monthly utility bills.
The council has asked staffers to prepare a cost comparison of the city providing the service versus contracting out the services. Another option might be contract through an insurance company.
The council took no votes but is expected to return to the issue at its March 17 meeting.
Was this article valuable?
Here are more articles you may enjoy.
Trump Administration Backtracks on Removing Ocean Sensors
Trump Says Illegal Immigration Increased Car Insurance but Experts Say Otherwise
Flood Insurance Gap Will Squeeze Local Governments and Homeowners, Moody’s Says
Space Startups Seek Insurance for Orbital AI Data Centers 

