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Will homeowner insurance cover the cost of repairs to the foundation of a house that was damaged when a water main nearby broke?
Wiki User
∙ 12y ago
I don't know about a water main break but i had a main drain line cap come off under my house causing my crawl space t become the sewer for approx. 1 and half months until we finally noticed the smell. I had the fixed but all the water that had ran under my house caused it to sink in some spots. I would think normal settling of a house would be over a time span not sinking 2 to 3 inches in a period of 2 months. I was wrong, my insurance co (s.f.) said that it couldn't be covered because the house was settling. I had 3 estimates stating that the damage was caused by the drain problem. I guess as their slogan shoud state "money for nothing" is what ive got to live with, along with rolling off my bed when i sleep.
AnswerIf the insurance company fails you in this way, you might want to go looking for a lawyer that can sue your insurance company and/or the person (or entity) that owned the pipe that leaked.You should call your state insurance commissioner, and your state representative about this-for some reason, insurance companies are intimidated by those two types of entities! And they are free. I would go to a lawyer as a last resort.
Report the claim, and see what your companys stance is. I would recommend if it is denied to appeal the decision to your states dept. of insurance. As a side note, a similar thing occured to two homeowners in the city I live it, but it was a sewer line, the homeowners insurance denied the claim, the homeowners successfully sued the city, as they owned the sewer system, and won their case, it was far in excess of 100k. Good luck..
Wiki User
∙ 12y ago
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Can you keep house insurance money instead of fixing a damaged floor?
Its your $$$ now !!! you can do with it what you want. * If the home is not still under a mortgage contract the homeowner is not obligated to use insurance funds for repairs of the property. However, if repairs are not done the insurance provider can refuse any claim if the flooring or adjoining structure is damaged further. If the home is still mortgaged repairs must be made as the lender would have to sign the insurance check as well as the homeowner/borrower. All mortgage contracts stipulate that the property must be kept in the same or better condition as it was when the property was purchased and lending agreement made. You could BUT that would be called insurance fraud... Lis@
Is homeowner entitled to any of the insurance check when repairs are being done on a damaged property?
Of course not. Insurance is supposed to put you back to the same position you were in before the damage occurred. Your not "entitled" to make money on a claim. If your property was repaired the contract was fulfilled.
Will home insurance pay for cracks in walls due to foundation problems?
I had a large crack in my foundation and my homeowner's insurance refused to pay. When such a thing happens, it must be repaired immediately and the person you need to repair it must be an expert in foundation repairs. It cost me $5,800, plus another $1,000 because I choose to call in a structural engineer. I was angry with my insurance company; later learned that most (all?) insurance companies do not pay for cracks in foundations as they are very common.
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.
When a homeowner dies and the home needs repairs are the contractors covered while working in the unoccupied home under the existing policy?
If the insurance premiums were paid up to date before the homeowner's death, and if the repairs are covered under the policy, then yes, the repairs should be covered by the insurance policy. If there is a dispute as to whether or not the repairs are covered, read the dec page (declarations page) of the original insurance policy, which will give you more information as to what is covered, and what is not. There are different types of homeowner's insurance, some offering only minimal coverage, while others offer more comprehensive coverage. You need to find out what type of homeowner's policy the owner had purchased. Also, if the house is in probate, or if it has already been probated (gone to the one who inherited it), this may affect the outcome, as well. If it is still in probate, the insurance company may try to use this as a tactic to hold off on payment of repairs. However, they should not be able to do this, even if they try to.
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.
Does comprehensive insurance cover transmission work?
Only if the transmission was damaged in an accident. Auto Insurance does not pay for maintenance or mechanical repairs that are not the result of an accidental loss.
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.
Is the insurance company not liable for a house if they have already cut you a check for repairs and the work caused more extensive damages to make it not livable and has to be destroyed?
if the workers caused damaged it is a separate claim - a vast majority of policies have exclusions for fault, inadequate or defective workmanship and materials - hopefully you hired contractors with liability insurance in the event their actions are excluded by your homeowner's policy
How are repairs and insurance settlements handed when filing taxes for a rental property that was damaged in a tornado?
If you deduct the cost of he repairs/loss...then the insurance settlment is taxable income (essentially replacing the amount of the deduction/loss you took and really didn't have because you were reimbursed for it). Or if you don't expense the repairs, the recovery isn't taxable.
Does homeowner insurance cover repairs for a garage door or even replacement?
If your garage door was damaged by a covered peril such as wind, hail, Fire, Lightning etc, Then yes it would be covered minus your deductible. If the garage door is just old and worn due to usual wear and tear then No, that would be a maintenance issue.
How much is insurance companies paying per square for Texas roof claims?
It doesn't work like that. The insurance company will pay claims for roof repairs or replacement that are consistent with the local market and consitent with the damages incurred. If you try to overcharge for the repairs, then the homeowner will be stuck for the remainder of the bill that is not paid by the insurer. A contractor simply submits a bid to the homeowner. If the homeowner chooses you as their roof contractor then they will submit that to the insurer for approval. The company will then pay the bill so long as it is reasonable and within the expected market range for that area.
