Is Foundation Repair Covered By Home Insurance?

Homeowners often wonder if foundation repair is covered by their home insurance. The answer isn't straightforward, as it depends on several factors, including the cause of the damage and the specific terms of the homeowner's insurance policy. This article explores the nuances of home insurance coverage for foundation repairs, helping homeowners understand what might be covered and what to look for in their policies.

Understanding Foundation Damage

Foundation damage can arise from various sources, including:

1. Natural Disasters: Earthquakes, floods, and landslides can cause significant damage to a home's foundation.

2. Soil Conditions: Expansive soils that swell and shrink with moisture changes can lead to foundation movement and cracking.

3. Poor Construction: Inadequate construction practices can result in an unstable foundation.

4. Plumbing Leaks: Water leaks from plumbing can erode the soil beneath the foundation, causing it to settle or crack.

5. Tree Roots: Roots from nearby trees can grow under the foundation, causing it to lift or crack.

When Home Insurance Covers Foundation Repair

Typically, standard homeowners insurance policies cover sudden and accidental damage. If the foundation damage is caused by a covered peril, the insurance may pay for repairs. Commonly covered perils include:

- Fire: If a fire damages your home's foundation, repairs are usually covered.

- Explosions: Damage from explosions, such as gas leaks, may be covered.

- Vandalism: If your home is vandalized and the foundation is damaged, insurance might cover the repair costs.

- Falling Objects: If an object, like a tree, falls and damages the foundation, this is often covered.

When Home Insurance Does Not Cover Foundation Repair

There are several situations where foundation repairs are generally not covered:

1. Wear and Tear: Damage due to age is typically not covered by home insurance.

2. Flooding: Standard home insurance policies usually exclude flood damage. Homeowners need separate flood insurance for this type of coverage.

3. Earthquakes: Damage from earthquakes is not covered under standard policies. Separate earthquake insurance is needed.

4. Settling or Shrinking: Natural settling or shrinking of the foundation over time is usually excluded from coverage.

What to Do If You Have Foundation Damage

1. Review Your Policy: Check your home insurance policy to understand what is covered and what is excluded. Look for any endorsements that might apply.

2. Contact Your Insurance Agent: Discuss the damage with your insurance agent to get a clear picture of your coverage.

3. Document the Damage: Take photos and keep records of the damage and any repairs made. This documentation can be helpful when filing a claim.

4. Get a Professional Inspection: Hire a foundation repair specialist to assess the damage and provide an estimate for repairs.

Conclusion

Foundation repair coverage under home insurance depends on the cause of the damage and the specific terms of your policy. Homeowners should carefully review their policies and consider additional endorsements to ensure adequate coverage. By understanding your insurance coverage and maintaining your foundation, you can protect your home from unexpected repair costs.

If you're experiencing foundation issues at your property, feel free to contact EagleLIFT for a foundation assessment.

877-752-2522 | www.eaglelifting.com

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