Foundation Repair in LA is well worth the cost. When you invest in it, you’re saving ten times more money than when you need to replace the entire foundation. If you think that you can get away with repairing the foundation, it’s not worth it in the long run. The more time you wait to repair your foundation, the more damage it creates to your home. Skipping foundation repair can damage your walls or rough-looking ceilings. But because the foundation repair cost is exorbitant, many homeowners want to know if the cost is covered by their home insurance.
Is Foundation Repair in LA Covered by Insurance?
Like any part of your home, your homeowner’s insurance covers your foundation. But it still depends on the cause of the damage. Whether or not it is covered, you can read more about it from your insurance policies.
When is the Foundation Repair Covered by Your Insurance?
Your homeowner’s insurance may cover foundation repair unless your policy excludes it explicitly. Homeowners’ insurance companies may cover expenses when repairing your house because of tornadoes and fires. Earthquakes and floods could wreck your home. But they are too risky.
In that case, your insurer might not cover the causes of the damage. Since most foundation damages are the result of earthquakes, your insurer may not cover them. But to be sure, you have to read your policy and learn about the things that it covers. For your foundation repair costs to be covered by your insurance, the foundation repairs must be caused by an event that your insurer accepts.
What are the Events That Home Insurance Policies Cover?
The following are events that your home insurance policy will pay for:
- Explosions
- Vandalism
- Windstorm
- Lightning or fire
- Volcanic eruption
- Water damage from plumbing
- Damage caused by vehicles or aircraft
These aren’t the only events that are covered by the majority of home insurance policies. You can check out your policy to know what’s being covered. However, most insurance companies don’t cover the following events:
- Earthquakes
- Flood
- Faulty construction
- Natural settling
Although your homeowner’s insurance policy may not cover foundation repair because of earthquakes, you can obtain a separate insurance policy that covers foundation repair costs. However, if the foundation damage is the result of faulty construction, no insurer may cover it because you’re being negligent. And negligence isn’t part of insurance coverage.
What to do If Insurance Policy Won’t Cover Foundation Repair?
If your insurer won’t pay for the cost of repairing your foundation, then you need to pay for it out of pocket. you can also prove to your insurer that the cause of foundation damage is an event that is covered by your insurer. For instance, you can file a claim if the foundation damage is the result of expanding soil because of an internal flood.
When you hire a foundation repair contractor, the company can assess the damage to your foundation. They can tell you what caused the damage. From there you can decide whether or not you can file a claim.
Consult with our specialist about foundation repair in LA to know whether or not the cause is covered by your homeowner’s policy. Talk to us at (818) 975-8323.
