Does Homeowners Insurance Cover Foundation Repair?

Homeowners insurance is a type of insurance that provides financial protection for your home and personal property. It can cover damages caused by natural disasters, theft, fire, and other unexpected events. But if you are a homeowner, you already know the gist of that. One specific question that many homeowners have, however, is whether or not their insurance policy covers foundation repairs.

The short answer is that it depends on the cause of the foundation damage. If the damage is the result of a covered event, such as a natural disaster, then your insurance policy may cover the cost of repairs. However, if the damage is due to normal wear and tear, your insurance policy will likely not cover the cost of repairs.

It is important to understand what your insurance policy covers and what it doesn't. Most homeowners’ insurance policies have a section that outlines what is covered and what is not covered. This section is typically called the "exclusions" or "limitations" section. If foundation repairs are not specifically listed as a covered item, then it is likely that your insurance policy does not cover them.

There are several reasons why foundation damage may occur. Some common causes include:

Soil movement: When the soil underneath your home moves, it can cause your foundation to shift or settle. This can lead to cracks in the foundation.

Water damage: Excessive moisture can cause the soil to expand, putting pressure on your foundation. This can lead to cracks and other types of damage.

Poor construction: If your home was not built properly, it may be more susceptible to foundation damage.

Natural disasters: Earthquakes, floods, and other natural disasters can cause significant damage to your foundation.

If your foundation is damaged due to normal wear and tear, your insurance policy will likely not cover the cost of repairs. It is important to keep up with regular maintenance and address any issues as soon as they arise to prevent more extensive damage from occurring.

In summary, whether or not homeowners’ insurance covers foundation repairs depends on the cause of the damage. But regardless of the cause, foundation issues should not be neglected. When you need your foundation repaired, go with the experts at Park Range Construction.

Published on 5-9-2023