Your home’s foundation is one of the most critical aspects of the entire structure. It serves as the base for your house and keeps it standing sturdy and strong. But, with time, the foundation can begin to crack or shift, which can lead to significant structural damage. That’s why it’s essential to keep an eye on your home’s foundation and make necessary repairs as soon as possible. However, the question remains, does homeowners insurance cover foundation repairs?
Does Homeowners Insurance Cover Foundation Repairs?
First, it’s essential to understand that not all foundation repairs are covered by homeowners insurance. The policy you have on your home will dictate what types of damage are covered and what are not. Typically, homeowners insurance will cover foundation repairs if they are a result of a covered peril.
However, if the foundation is damaged due to a lack of maintenance, negligence, or poor construction, your homeowners’ insurance policy is unlikely to cover the repairs. Also, if the foundation is old and has worn out over time, it will likely not be covered either.
In general, home insurance policies are intended to protect homeowners from sudden and unforeseen events, not damage caused by long-term wear and tear.
What You Need To Keep in Mind
It’s essential to document all the evidence of foundation damage if you’re planning to file a claim with your homeowners’ insurance. Take pictures of the cracks, crevices, and other areas where damage is visible.
You should also have a professional assessment of your foundation to show the structural damage. This way, you’ll have all the necessary documentation to file a claim and be reimbursed for the cost of repairs.
Lastly, it’s a good idea to review your homeowners’ insurance policy regularly to ensure you’re adequately covered in case of any perilous eventuality.
Many homeowners only check their policy coverage when they buy their homes and then forget about it. Your policy may not cover natural disasters such as floods or earthquakes, so ensure that you take such additional coverage if you live in an area that’s prone to such events.
Wrapping It Up
The answer to the question, “does homeowners insurance cover foundation repair?” has many variables. It all depends on what type of damage is caused, the reason behind the damage, and how well the homeowner is maintaining their home. Always make sure you read through your homeowners’ insurance policy carefully and understand what is and isn’t covered. So, if you ever experience foundation damage, you’ll know exactly what coverage you have and what kind of out of pocket expenses you may face. Prompt foundation repairs will keep your home standing strong and safe for years to come.
Delgado’s Insurance: Dependable Insurance in California
If you need dependable and affordable insurance in the Golden State, look no further than Delgado’s Insurance.
We have locations in Riverside, California, and Bloomington, California. Get in touch today by telephone (951-361-0084, 909-421-9003), email (mail@delgadosinsurance.com), or through our social media accounts (Facebook, Twitter)!
