It's a gamble. Much of the labour in changing a water pump is common to that of changing the timing belt. Therefore it is much cheaper to change the water pump and timing belt in one job than in two separate operations.
However, the water pump could carry on for many years without leaking so you could save yourself a few quid by not changing it.
Are you feeling lucky?
NB. It's worth pointing out that antifreeze is damaging to timing belts so if the pump seal leaks coolant onto the timing belt, you'll need a new belt as well as a water pump.
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