February 08, 2021

By: David Downing

Handling expenses like foundation repair can be overwhelming, especially under the prevailing and near-future economic circumstances. It is, hence, only fair for people to seek financial assistance with keeping their house in top shape. Homeowners insurance is a welcome respite for many who cannot otherwise afford to get their houses fixed when disaster strikes.

But does it cover foundation repair? How can you get financial support for your straightening out foundation damage in your house? And, most importantly, what are the terms?

This article will explore the insurance coverage for foundation repair and how you can redeem it.

Understanding Foundation Damage and Its Impact

Notice that little crack in your basement floor? Though it may not be immediately apparent but drop by drop, moisture is seeping in your basement floor through that teeny tiny crack. If you choose to ignore it, after a couple of months, it will become much worse.

The thing is, most people don’t realize that they have foundation damage until it’s too late. Telltale signs of foundation damage include cracks in the floors and walls, moisture seeping in walls, wet basements, doors and windows sticking (even though they worked just fine before), and so on.

When you do notice these symptoms, don’t delay getting the foundation fixed.

Insurance Coverage For Foundation Repair

Let’s get one thing straight: insurance will not cover regular maintenance. If your home has suffered from wear and tear, which it will inevitably, you cannot walk into your insurer’s office and demand assistance with the maintenance.

Thus you can eliminate the most common cause of foundation repair – moisture buildup, from the insurance equation. However, foundation damage can and does result due to sudden calamities. Fires, tornadoes, hail, and windstorms often lead to serious foundation damage.

And, your homeowner insurance policy will cover the expenses in such cases, saving you a great deal of financial trouble in getting your home’s foundation repaired.

The homeowner insurance offers coverage for foundation damage due to:

• Snow, hail, and ice
• Fire
• Windstorms, hurricanes, and tornadoes
• Tree fall, but not due to pests (maybe because of a windstorm)
• Vehicle collision
• Vandalism

Homeowner Insurance Will Not Always Cover Foundation Damage

Apart from the regular and inevitable wear and tear, your homeowner insurance will not compensate you for any foundation damages brought about by:

• Floods, mudslides, earthquakes
• Collateral damage during war
• Pest attack
• Water damage
• Damage from tree roots

You can, of course, opt for a separate earthquake insurance to get financial help repairing your home’s foundations after they’ve been damaged by the catastrophe. It would make all the more sense in areas near an active fault line.

Claiming Insurance Coverage For Foundation Damage Expenses

If you do have homeowner’s insurance and the foundation damage has been caused by something that is covered by the insurance then you should have no problem.

Just follow these simple steps:

• Contact the insurer and confirm that the cause of foundation damage is covered by the policy.
• Fill out the claim form and submit it without delay because you only have a limited window to file this claim.
• Wait for the review process and get some temporary repair work done before your claim is processed.
• You can expect the visit of an insurance adjuster at your place to assess the validity of your claims.

Foundation Solutions Group Is Here For You

If you are worried about inflated prices for foundation repair then don’t be. At Foundation Solutions Group, we see to it that our clients get the best possible results at economic rates. Our prices are justifiable and the quality is unmatched.

Give us a call, and we’ll make your home safe and great again!