Does Home Insurance Cover Structural Problems?
There is a lot that needs to be considered when looking for a home insurance policy. The main factor that needs to be taken into account, though, is what is covered by the policy and what is not. All insurance policies are different, and so the only way you are going to know if structural issues are covered in your specific insurance plan is to refer to the policy documents. However, we can help you to get a better understanding of this, which we will below.
Identifying structural damage to begin with
Before you start to look at your insurance plan to see if structural damage is covered, you need to know how to identify structural damage. Foundation problems, for example, ground shifting or settling, tend to be the source of most of these problems. However, issues can also be caused due to hidden structural damage, for example, caused by termites, as well as damage relating to the weather, like a hurricane or tornado.
Structural damage and insurance
Does Home Insurance Cover Structural Problems? When it comes to home insurance and structural damage, most structural issues are not covered in general policies. The reason for this is because most home insurance plans are designed to cover damage caused by accidental, sudden events, which could not have been predicted. This is something that cannot be attributed to structural problems because they do not tend to be discovered until months or sometimes years after the initial problem occurred.
Structural damage is typically deemed a maintenance problem
As structural damage can take such a long time to be detected, it is often deemed a maintenance problem. Maintenance issues are not covered in home insurance plans. Nevertheless, once steps have been taken for the damage to be discovered and steps have been taken to repair the issue and stop any further issues, your insurance company may cover any loss ensuing this. For example, if some water is let into your property because of foundation cracks, this damage could be deemed an ensuing loss. Nevertheless, the cracks themselves would not be covered.
Some things you can do to ensure you’re not left having to pay a fortune
There are a number of steps you can take to make sure you are not the one left to pay because of structural damage. You should always begin by looking at your policy so you can understand the level of cover you receive. Once you have done this, it is worth finding out whether there are any add-ons that can give you the extra level of protection that you are searching for.
Hopefully, you now have a better understanding when it comes to structural problems and home insurance. As mentioned, all insurance policies are different, and so the only way that you are going to be able to truly know if structural issues are covered in your plan is to look at the list of inclusions and exclusions you should have received from your insurer. You can also call up your insurance company for more information as well.
Looking for a Foundation Repair Service that works with insurance firms? Contact us at:
Level Pro Foundation Repair Inc
920 Murphy Road,Suite D, Stafford, Tx 77477
Phone: (832) 894-0781