Foundation Repair: What is and is not Covered by Homeowners InsuranceFoundation repair can be a contentious topic when discussing what costs insurance companies are willing to cover and what they put on you to pay out of pocket. Foundation damage can be covered by homeowner’s insurance, the tricky part is the scope of coverage and what insurance companies can cover based on their specific policies. Damages that can be covered by your insurance are claims that they “accept” and those that are not, are claims that they “reject”. For example, damage to your foundation due to big natural disasters such as wildfires or tornadoes is a claim that would be accepted by all homeowner insurance companies. Damage due to disasters, such as floods or earthquakes would be rejected by insurance companies because they are considered “too risky”.
Here is a list of claims that are generally accepted by most homeowner insurance policies:
- Lightning or fire
- Falling objects
- Damage caused by vehicles
- Civil disturbances/Riots
- Poor construction
- The natural settlement, bulging, cracking, shrinking, or expansion of your foundation
- Pressure from tree roots
- Earthquakes and floods
How to Address Damage With No Insurance CoverageConsidering most of the common causes of foundation damage are not covered, hiring a trusted foundation repair contractor is the best alternative. Carolina Foundation Solutions is a trusted foundation repair company that emphasizes the importance of only providing you with solutions that fit your needs. To provide the best service that we can, as well as options for all our customers, and to make the repair process as easy as possible, Carolina Foundation Solutions offers various methods of payment. In addition to traditional methods of payment (cash, checks, and credit cards) Carolina Foundation Solutions offers pay-as-you-go options and traditional low fixed interest rate loans with our partnership through GreenSky®. For more information on our financing options click bit.ly/CFSFinance. These available financing options allow us to complete the repair no matter the extent while simultaneously not being a burden on your wallet. With over 100 years of combined expertise, CFS will always have your best interest at heart.
If you are held liable by your homeowner’s insurance policy rest assured that Carolina Foundation Solutions will help you find an affordable way to address the damage. Call us at 877-770-7050 or go to bit.ly/CFSConsult to schedule a FREE inspection today!