If you find signs that your house's foundation may be damaged, it's obviously disconcerting since it is the support structure for your entire home.
A damaged foundation can wreak havoc, putting your home off kilter - and making those repairs can be costly. You may think that your homeowner's insurance will cover repairs, but that's only true in certain circumstances.
Foundation damage can sneak up on you, so it's important that you know the warning signs, including:
Your homeowner's insurance would typically not cover damage to your foundation that was caused by failing to perform regular maintenance. if your foundation simply needs regular maintenance and typical repairs, homeowner's won't cover the costs.
Also, foundation cracks that result from simple wear and tear and shifting ground over time would typically not be covered.
But damage to the foundation from a sudden event such as a fire, damage from severe weather or a tree limb falling would likely be covered. Some examples of coverage include:
Earthquakes would typically not be covered, however. There are endorsements or separate policies that cover quake damage.
501 Bell St.
Dubuque, IA 52001
Phone: (563) 556-0272
An AssuredPartners Agency
In February 2020, The Friedman Group joined AssuredPartners, the 10th largest insurance brokerage in the U.S. This partnership provides us access to additional capital and a national footprint that enables us to continue to negotiate the most favorable coverage terms and conditions for our clients, and allows us to provide an even broader spectrum of risk management support services.