Homeowners insurance can provide coverage for foundation repairs caused by covered hazards, such as tornadoes or falling trees. The amount of coverage is limited to the limits of your home's policy. Unfortunately, any damage to the foundation caused by pests is not covered by home insurance. If you believe your property insurance claim was denied in error, our team can help.
To determine if your homeowners insurance policy will cover foundation repair costs, you must first identify the cause of the problem. If the damage is caused by a hazard mentioned in your policy, such as a tornado or earthquake, then your home insurer may cover the cost of repairs. If you incur additional damage to your home due to an unresolved foundation issue, your insurer may refuse to pay for repair costs. For example, if a pipe breaks and water damage affects the foundation, a homeowners insurance policy could cover the damage to the structure that occurred due to the incident.
Normal wear and tear is not covered by housing policies when it comes to foundation repair. Insurance companies often try to deny or pay less for valid claims for damages to the foundation. At Geyer Fuxa Tyler, our property insurance dispute attorneys in Broward County have helped homeowners recover fair compensation for their losses.If your foundation sinks into the ground and repairs involve lifting the house on a pier-and-beam foundation, you probably won't be able to stay in the house. Foundation repairs require the floor to be removed so that a repairer can dig under the floor to do the repair.
Home coverage is the part of your homeowners insurance policy that helps pay for the reconstruction or repair of your home's physical structure in the event of a covered loss.