The reason that pipe is particularly dangerous is because it is before your house pressure regulator (so it is at mains pressure) but you are still responsible

The reason that pipe is particularly dangerous is because it is before your house pressure regulator (so it is at mains pressure) but you are still responsible for it. In addition, it is the most prone to failure as your house settles independently of the mains. But yea, like any insurance, if you can afford the $3-4k of repairs without having to skip meals, you probably don't need it. Edit to add: my source is that this happened to me, it was enormously expensive to repair. I still wouldn't get this insurance though.