Most home owners policies will cover it unless the water from the broken pipe did not cause any damage to the property.
dependent
The pipe from the main to the meter is the city's responsibility, from the meter to the house is the home owners. Insurance probably will not cover the pipe but may cover damage caused by the leak. Policies vary.
With the water turned off on all the water devices in your house, see if your water meter is still running.
Rain
It depends on what type of insurance policy you have. Just call your insurance agent and ask.
I think, only a guess that the pipe under the house and possible even those inside are not covered. The damage they cause probably is, but not the pipe itself. Ask your agent.
They should NOT have to pay if the policy holder did not read the agreement prior to signing the policy
You have a lose pipe somewhere -- In wall or under house
If no one has bought it in the time that happened, then it is still considered yours. Your homeowners insurance should still cover it. If you still have questions about it, you should talk to the company that your insurance associates with.
Supply coming from water source is a water service line.
They will not pay to fix the pipe, or will not pay for the clean up and damage to your property? They have to fix the pipe and clean up the mess caused by it. Any personal property, possibly not. That's why they sell renters insurance. You may be able to take them to small claims court to recover damages.