I've seen any number of broken serp belts lying on the road. Look at the belt for cracks, missing ribs, etc. They can last indefinitely but will be destroyed by a mechanical incident such as a seized power steering pump, etc., and are badly affected by air pollution such as ozone, esp in hot climates. Sounds can come from any of the rotating components, such as alternator bearings, p.s. pump, a/c clutch, serp belt idler, etc. If the belt seems ok, when the sound gets loud enough, you will know what the source is.
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