Quoted from Chisox:
I am definitely going to look into a second pump on a separate breaker and possibly making my pit deeper. Insurance is through typical insurer.
Problem is what if your power goes off, which is often when you need the pump the most. Invest in a generator. Portable or whole house, but you need back up. I have two pumps, one on each side of the house. One has a backup battery, but both are hooked to my generator transfer switch. I have never had water in my basement and both my pits are bone dry, but I still worry given all the work I’ve done to my basement.
Sump pump failure insurance is lame because it’s limited to like $5k.