Does your home slab have a leak? However, does your homeownerâ€™s insurance cover slab leaks? Modern homes are often built on a concrete slab. The plumbing pipes of a home are typically constructed below and upwards through the slab to the rooms such as your kitchen, laundry room, bathrooms, etc. However, your homeâ€™s slab leak may not always be covered by your homeownerâ€™s insurance. This article discusses under which circumstances a slab leak may be covered.
Slab leaks typically refer to a leak either in a drain line running beneath the slab foundation of your house or in a pressurized water line. These leaks cannot be easily detected. However, the following signs can indicate a slab leak:
Get the leaking pipe repaired immediately if you find any of these signs. a slab leak can cause substantial damage to your home foundation if it is not repaired on time. They can also cause soil erosion under the slab and result in broken or crumbling concrete.
Homeowners insurance safeguards your dwelling and personal belongings from named perils, like fire, theft, and the types of storm damages specified in the policy. It also covers you if other people get injured while theyâ€™re on your property, including any injuries from pets. Homeowners insurance does not cover lack of maintenance or any damage caused by earthquakes or floods to your home. However, you can opt for add-on coverage to safeguard your home against earthquakes and floods.Homeowners insurance typically covers the following areas:
Repairing a slab leak costs between $630 to $4,400, with the average repair cost being around $2,000. However, there are only three situations when your homeowners insurance may cover the repairs or some of the damage.
Homeowners insurance is intended to protect you against certain named events and doesnâ€™t safeguard you against damages caused by lack of maintenance. Therefore, any leaks caused by negligence, old pipes, or rusted pipes wonâ€™t be covered.
Looking for a homeowners insurance plan that covers slab leaks? Contact our insurance experts at John E. Peakes Insurance Agency to get your personalized insurance plan with the best possible coverage within your budget.