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Is Foundation Damage Covered by your policy?

Trying to answer the question, “will homeowners insurance cover foundation repair?” Can put a lot of stress on you. That is why finding a property damage lawyer is a great way to get the help you need. For the residents in Miami-Dade County, Your Insurance Attorney has a team of experts that will take the time to sit with you and learn more about your situation and how they can help.

They will gather all of the information available so they can assist you with getting the most out of your insurance claim. Keep reading to find out more information on damage repair and your homeowner’s insurance policy!

Will Homeowners Insurance Cover Foundation Repair?

If you’ve uncovered foundation damage at your home, it goes without saying that you are going to be under a lot of stress and overwhelmed with the repairs you’re going to need and the money you’re going to spend.

Most of the time people rely on homeowners insurance as a safety net and a way to handle problems that come up in their home, but if you don’t fully understand your policy, you may be left with some gaps in your coverage. Below find out more information for a top property damage lawyer about foundation damage and how your insurance policy can help!

If something like a major storm comes sweeping through and knocks a tree on your roof or a ball gets thrown through your window, your homeowner’s policy has your back and is there to help you repair the damage. However, when it comes to foundation issues and damage, sometimes, things aren’t so clear and secure. Whether or not your damage qualifies for coverage depends on a number of different factors.

How has the damage occurred?

One of the biggest factors is figuring out how the damage has occurred. This could mean the difference between getting coverage and not. For example, if your property gets damaged by a natural disaster like a tornado and needs to be repaired; the foundation damage would be a part of the rebuilding process, which would be included in your dwelling costs and coverage.

Also, if your foundation gets damaged by another risk that is covered in your policy like a plumbing problem or fire, then your homeowner’s insurance may reimburse you for the repairs that need to be done, up to your coverage limits. 

On the other hand, most homeowners policies do not cover events like earthquakes or floods. This means if your foundation gets damaged during those you’d need to have a separate flood or earthquake insurance to get covered for those repairs. Also, typical homeowners insurance doesn’t cover common wear and tear. As time passes the foundation of your home may shift slightly, which can cause cracks to form. If this happens, you won’t be covered by your insurance. 

Property Damage Lawyer

Your Insurance Attorney is located in Miami-Dade County and can help you understand and learn the answer to the question, “will homeowners insurance cover foundation repair?” If you have found yourself worrying about how you will handle foundation damage call or visit us today to find out how we can help you!

 

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