Cracked FoundationA cracked foundation is rarely if ever a reason for a home to be condemned.AnswerI suggest you consult a structural engineer to assess your foundation. Under most circumstances there will not be any coverage available for a cracking or cracked foundation. An engineer can determine the cause and repairability and a contractor can determine the repair cost. You can always file a claim and see what your insurance company does. Is the home on a sinkhole? If it is there may be coverage in some states. Good luck!
Depends on the cause. Typically settling and sink hole is not covered under a homeowners policy.
No. It's considered wear & tear.
Settlement cracks and cracks from ground shifting are not covered.
If "ground movement" means earthquake or can be defined as such, than the answer is no unless you have earthquake rider on your policy.
My sister recently had a cracked slab. Her insurance did not cover it, but the builder's insurance did. Builder's insurance is usually 10 years, so I guess it would depend on the age of your home. I would also find out the cause of the crack and weather or not there is product liability insurance involved. There are numerous variables that can cause a liability situation to an insurance company or insured. I would call a contractor to find out the cause of the crack. http://www.fhia.com
No, Homeowners insurance does not cover the cost of property maintenance.
That would depend on your policy JUST like what type of car insurance you have.
Not Likely, Home Owners insurance piolicies typically exclude coverage for concrete structures such as Sidewalks, Patios and Driveways.
NO... Buyer Beware, Homeowners insurance policies do not cover pre-existing damage. They also typically exclude damage resulting from "ground movement" as this is a normal expected occurrence throughout the life of a home. You would look to your buyers home warranty for coverage of an un-disclosed defect of the home you purchased.
Depends on your insurance contract. Some companies would cover that incident, some wouldn't.