Foundation issues can be one of the most stressful challenges for homeowners. At Carvo Insurance Group, we understand the importance of knowing what’s covered in your policy, especially when it comes to something as critical as your home’s foundation. To simplify the process, we offer instant online quotes, instant online binding, and instant online insurance proposals. Below, we address some common questions about foundation repair coverage in homeowners insurance policies.
Q1: Does homeowners insurance typically cover foundation repair?
A1: Homeowners insurance may cover foundation repair, but it largely depends on the cause of the damage. Most standard homeowners insurance policies cover sudden, accidental damages caused by specific perils, such as fire, vandalism, or certain types of water damage. However, gradual wear and tear, poor maintenance, or foundation settling over time are generally not covered.
Q2: What types of foundation damage are commonly covered by homeowners insurance?
A2: Homeowners insurance may cover foundation repair if the damage results from certain covered perils, including:
- Fire: If a fire damages the foundation, repairs are generally covered.
- Water Damage (from burst pipes): If a sudden burst pipe or plumbing issue damages the foundation, it may be eligible for coverage.
- Vandalism: Any intentional damage caused by vandalism is typically covered.
- Falling Objects: If a falling object, such as a tree, causes damage to the foundation, repairs may be covered.
Each policy has specific terms, so it’s important to review your coverage carefully to see which perils apply.
Q3: Are foundation issues due to natural settling or poor maintenance covered?
A3: Generally, no. Most homeowners insurance policies do not cover foundation issues caused by natural settling, earth movement, or poor maintenance. Homeowners are responsible for regular upkeep and repairs to prevent problems from worsening over time. Preventive measures like drainage management and foundation inspections are essential for avoiding issues that would likely not be covered by insurance.
Q4: How can I determine if foundation damage is covered under my current policy?
A4: Carvo Insurance Group offers an instant online insurance proposal that provides an overview of your coverage options. Reviewing this proposal can give you a clearer understanding of what’s included in your homeowners insurance and where additional coverage may be needed. You can also contact one of our agents directly for guidance.
Q5: What options do I have if my foundation repair isn’t covered by my homeowners insurance?
A5: If your policy doesn’t cover foundation repairs, consider the following options:
- Extended Coverage: Some insurers offer add-on coverage for specific risks like earthquakes or floods, which may indirectly affect the foundation.
- Regular Maintenance and Inspections: Routine maintenance helps prevent small issues from becoming larger, costly problems.
- Savings for Repairs: Setting aside funds specifically for home repairs can be a proactive step in managing unexpected costs.
Q6: How can Carvo Insurance Group help me get the right coverage?
A6: At Carvo Insurance Group, we provide instant online quotes and binding, so you can quickly get the right homeowners insurance. We also offer an instant online insurance proposal that allows you to review your options and ensure your home has the protection it needs, including any add-on coverages relevant to foundation issues.