Does Homeowners Insurance Cover Foundation Repair?

 Does Homeowners Insurance Cover Foundation Repair?

The thought of foundation problems fills most homeowners with dread. Your home — and the comfortable life you’ve built in it — rely on a sturdy foundation. A foundation problem always feels daunting, but it can range from a minor issue (think: a few hundred dollars to fix) to a major repair that costs $10,000 or more.

Fortunately, there are cases where your home insurance policy can pick up the tab. Does homeowners insurance cover structural damage? It depends. It’s all about what caused the damage to your foundation.

Does home insurance cover repairs to your foundation?

To figure out if your home insurance policy will cover your foundation, you need to determine what caused the trouble you’re having. In some cases, it will be obvious, like damage from a tornado or earthquake.

The root cause of your foundation problem might not be readily apparent. In these cases, it helps to call a foundation specialist to come out to your house and diagnose the issue. Not only will they help you understand what caused the problem, but they can give you an idea of how extensive repairs will need to be. Plus, their report will give you evidence you can use if you decide to file a home insurance claim.

Some of the most common causes of foundation issues include:

  • Too much or too little moisture in your soil
  • Natural disasters like earthquakes, mudslides and tornadoes
  • Faulty construction (for example, improperly compacted soil underneath your foundation)
  • Tree root growth
  • Plumbing…

Read more…

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