Does House Insurance Cover Foundation Issues?
If you’re a homeowner, you may be wondering if your house insurance covers foundation issues. The answer is, it depends. Depending on the type of insurance policy you have, foundation damage may or may not be covered. In this article, we’ll explore the different types of coverage and explain what you need to know about foundation damage and house insurance.
Types of House Insurance Coverage
When it comes to house insurance, there are two main types of coverage: comprehensive coverage and liability coverage. Comprehensive coverage includes coverage for damage to your home and its contents, while liability coverage only covers damage to other people or property caused by you or your family members.
Does Comprehensive Coverage Cover Foundation Issues?
Comprehensive coverage generally does not cover foundation issues. This is because foundation damage is usually caused by long-term wear and tear, rather than a sudden event or accident. However, some comprehensive policies may cover foundation issues if they are the result of an accident or sudden event.
What About Liability Coverage?
Liability coverage does not cover foundation issues either. Liability coverage is intended to cover damage to other people or property caused by you or your family members. Foundation damage is not considered a liability issue, as it does not affect other people or property.
What Types of Foundation Damage Are Covered?
If your house insurance does cover foundation issues, it may only cover certain types of damage. For example, some policies may cover damage caused by fires, floods, or earthquakes. It is important to check with your insurance company to find out what types of damage are covered under your policy.
What Should You Do If You Have Foundation Issues?
If you have foundation issues, the first step is to contact your insurance company to find out if your policy covers the damage. If it does not, you may need to contact a contractor to repair the damage. You should also be sure to document the damage and keep any receipts for repairs.
Conclusion
In conclusion, house insurance may or may not cover foundation issues, depending on the type of policy you have and the type of damage. If you have foundation issues, be sure to contact your insurance company to find out if the damage is covered. If it is not, you may need to contact a contractor to repair the damage.