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Foundational Repair CoverageBecause foundation problems are caused mostly by land movement (settling). Every concrete foundation, slab, driveway, sidewalk patio or structure will naturally develop cracks over time, (normal wear and tear) and all insurance companies have exclusions that specifically state no coverage under general homeowners for land movement. Some flood policies would cover it though if it was water that caused the earth to move. Also earthquake insurance will cover if it was a quake or aftershock that cause a home to slip or crack.
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Q: Why don't insurers cover foundational repairs when it seems that the foundation is the most critical part of a home?
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Related questions

Does hoa pay for foundation repairs?

Read your governing documents to determine who owns the foundation. Whoever owns it is responsible for repairs.


Do I need a special permit for foundation repairs?

Yes, foundation repairs, if done improperly, can result in more damage than what was done in the first place. Therefore a permit is required and should be done by a professional.


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How much does foundation repair cost?

Foundation repair costs varies. Some repairs may be as much as $30,000. You will need to get an estimate from a professional.


Is it possible to purchase additional homeowners insurance to cover foundation and related repairs?

Home policies include this coverage. These are necessary repairs for a large or total loss. I never have known for this to be excluded.


Should the federal government be the first responders in a catastrophe?

Yes, but their role beyond first response into oversight of emergency repairs should be limited. They are not as rapid a responder as big construction program managers could be if working direct for insurers who have the biggest stake in loss mitigation by expediting temporary repairs.


Does homeowners' insurance cover foundation repairs?

No. Unless the foundation problem happened because of an earthquake or flood (and you have insurance to cover both catastrophic events), then your insurance will not cover something that has degenerated with time.


What are the risks involved in purchasing a home that has foundation problems due to expansion soil?

The major risk is having to pay for either extensive foundation repairs of having a new foundation put in. Soil expansion shouldn't cause foundation problems as the foundation should have been engineered to withstand. If I were you I'd have a structural engineer check it out, it may save you thousands of dollars.


What type of business is Aquaguard involved in?

Aquaguard is a business that offers foundation repairs, basement waterproofing and humidity, mold and odor problems, as well as commerical foundations.


Does insurance cover foundation repairs?

It might and it might not. It depends on what scope of coverage you purchased and if it was a preexisting condition or not.Contact your insurer or your insurance agent for clarification of your coverage.


How can I find a reputable contractor to do foundation repairs?

The best way to find a reputable contractor is to go to a site on contractors. Check with the BBB in your area and ask for references.


HOW DO I GET A GRANT TO UPGRADE MY SOLAR SYSTEM WE DO NOT LIVE NEAR A POWER GRID, AND MAKE NEEDED REPAIRS TO MY HOMES FOUNDATION?

HOW DO I GET A GRANT TO UPGRADE MY HOME SOLAR SYSTEM, WE DO NOT LIVE NEAR A POWER GRID, THIS IS OUR SOLE POWER, I ALSO NEED HELP REPAIRING BD FOUNDATION ON OUR HOME