When does homeowners insurance cover foundation issues?
Homeowners insurance typically covers foundation damage that is the result of a sudden and accidental event, such as a natural disaster or a plumbing leak. For example, if a foundation is damaged in an earthquake, or if a burst pipe causes water damage to the foundation, the insurance company may cover the cost of repairs.
However, homeowners insurance typically does not cover foundation damage that is the result of gradual deterioration or wear and tear. For example, if the foundation slowly shifts over time due to age or other factors, the insurance company may not cover the cost of repairs.
It is important for homeowners to carefully review their insurance policy to understand what is and is not covered when it comes to foundation damage. It is also a good idea to regularly inspect the foundation of the home and address any issues as soon as they are discovered to prevent further damage.