Homeownership comes with its joys and challenges, and foundation damage is one of the last things any homeowner wants to deal with. It’s not only a structural concern but also a financial headache. When faced with such a predicament, many homeowners wonder: Does homeowners insurance cover foundation repair? Let’s dive into the details to find out.
Does Homeowners Insurance Cover Foundation Repair?
The answer isn’t a simple yes or no. Whether your homeowner’s insurance covers foundation repair depends on various factors. If the cause of the foundation damage is listed as a covered peril under your policy, your insurer should foot the bill for repairs up to your coverage limits. However, deductibles may apply. It’s crucial to note that foundation damage resulting from normal wear and tear or lack of maintenance over time is typically excluded from coverage.
Foundation damage and repair typically fall under the dwelling coverage portion of your insurance policy because it concerns the structure of your home.
When is Foundation Damage Covered?
Typically, homeowners insurance policies provide coverage for foundation damage categorized as “sudden and accidental” and caused by specific covered perils. These perils often encompass:
- Damage resulting from falling trees or other objects
- Incidents of fire or explosions
- Severe weather events like hailstorms, floods, tornadoes, or windstorms
- Lightning strikes
- Acts of vandalism or rioting
- Accidents involving a vehicle or airplane crashing into the home
Should your home suffer damage due to a vehicle collision, the liable driver’s auto insurance policy is expected to cover the costs under their property damage liability coverage. However, if the driver lacks insurance or sufficient coverage, your homeowner’s insurance policy can be utilized, with you assuming responsibility for any applicable deductible.
When is Foundation Damage NOT Covered?
Regrettably, not all scenarios fall under the protective umbrella of home insurance, even if you bear no responsibility for the incident. Here are common instances where home insurance typically excludes coverage for foundation damage:
- Wear and tear resulting from regular use
- Neglect or failure to adequately maintain the property
- Earthquakes or other ground movements, such as sinkholes or landslides
- Flood damage
- Damage caused by tree roots
- Structural issues due to poor construction
- Problems arising from inadequate drainage or sudden shifts in temperature
- Damage inflicted by termites or other pests
However, depending on your location and insurer, you can bolster your coverage against earthquakes or floods by purchasing additional endorsements or separate policies. It’s essential to secure this coverage before any damage occurs. Some insurance carriers may also offer options for coverage against landslides or sinkholes, albeit with separate deductibles that apply.
What to Do If Your Foundation Repair Claim Is Denied
Facing a denied foundation repair claim can be frustrating, but there are steps you can take:
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Contact Your Insurance and Keep Detailed Records
Begin by reaching out to your insurance company to gain clarity on the reasons behind the denial. Keep meticulous records of all correspondence, including emails, letters, and phone calls. Understanding the rationale behind the denial is the first step toward potential resolution.
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Hire an Independent Insurance Adjuster
Sometimes, a fresh perspective can make all the difference. Consider enlisting the services of an independent insurance adjuster who can impartially reassess the damage and advocate on your behalf. Their expertise and objectivity may uncover overlooked details and strengthen your negotiation case.
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Work with an Experienced Attorney
If your efforts to resolve the matter directly with the insurer prove unsuccessful, it may be time to seek legal recourse. An experienced attorney specializing in insurance litigation can be an invaluable ally in navigating the claims process. They have the knowledge and skills to analyze your policy, identify potential legal avenues, and effectively represent your interests. With their guidance, you can navigate the complexities of the legal system and fight for the coverage you rightfully deserve.
Talk to RRBH Law Today to Get Started
Now that we’ve explored the question “does homeowners insurance cover foundation repair,” it’s time to take action. If you’re in Key Biscayne, Coconut Grove, Hialeah, or nearby areas and need legal assistance, RRBH Law is here to provide expert guidance and support. Contact us at 305-800-4663 to schedule a consultation and ensure your peace of mind moving forward.