As a homeowner, learning that there is an issue with your home’s foundation can be very upsetting. Foundation problems can be fixed quickly and cheaply or require extensive and pricey repairs. The good news is that your home’s foundation is protected against specific hazards by home insurance.
However, remember that some damage-causing factors, such as normal wear and tear affecting older home foundations, are not covered. Learn what your home insurance will cover for foundation damage, how to recognize it, and how to avoid it if you’re worried about it.
Do Your Homeowners Insurance Cover Foundation Repairs?
Homeowners insurance foundation repairs depend on the circumstances. You must identify the root of the problem before determining whether your home insurance policy covers your foundation. The damage will be visible in some circumstances, such as after a tornado or earthquake.
They may also help you determine how extensive repairs will need to be and assist you in understanding what caused the issue. Additionally, their report will provide proof you can rely on if you want to submit a home insurance claim.
The following are a few of the most typical reasons for foundation problems:
- Soil with too much or too little moisture
- Gathering water
- Natural catastrophes include mudslides, tornadoes, and earthquakes.
- Construction flaws (for example, improperly compacted soil underneath your foundation)
- Tree root expansion
- Leaking pipes
- Earth motion
When Does Your Insurance Cover Foundation Damage?
Dwelling coverage, or the part of your policy that protects the actual structure of your home, associated structures, and foundation, is a component of all typical home insurance plans.
The most typical types of coverage, HO-3, and HO-5 home insurance plans, offer dwelling coverage on an open perils basis, which means that any loss that is not explicitly excluded by your policy is covered.
The majority of home insurance policies cover foundation repairs following concealed dangers:
- A car or an airplane flying into your house
- Falling things
- Water damage brought on by plumbing, air conditioning, or heating system overflow Windstorms, Explosions
It’s crucial to scrutinize your insurance to ascertain which dangers are covered. Then, if any of those factors contributed to the foundation damage, you have a good chance of having your home insurance claim approved.
When Will Your Policy Not Cover Foundation Damage?
You should contact your insurer as soon as possible after a covered risk occurs if your home’s foundation is harmed. Most insurers only provide coverage after an event for a predetermined amount of time.
Meeting your insurer’s standards is key to submitting a successful homeowners foundation claim, just like any other insurance claim.
How to Prevent Foundation Damage?
- Gutter cleaning may seem easy, but blocked gutters can cause water to run over the edge and onto the ground next to your foundation.
- Place some mulch around your home to keep the soil’s temperature and moisture content stable, relieving pressure on the foundation.
- If you see any cracks in your foundation, call a professional right once to see how serious the problem is. Rapid action can reduce both the harm and the expense of repair.
The key to avoiding most types of home damage is prevention. These strategies can help you in reducing potential foundational risks.
Cover Every Corner of Your Home with John E. Peakes Insurance Agency
From foundation repair to internal or external damages, home insurance can cover every part of your house. Contact us today at John E. Peakes Insurance Agency to get the best insurance plans at the most affordable rate.