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Does homeowners insurance ever cover any of the cost of foundation repair?

Jun. 12, 2007

Question:
Does homeowners insurance ever cover any of the cost of foundation repair, and if so, under what conditions and to what amount?

John, Texas

Answer:
Dear John,

The answer to your question depends on two factors: What caused the damage to your foundation, and the amount and type of your homeowners insurance. According to the Insurance Information Institute, damage caused by water seepage is not covered under most homeowners policies because it is considered a matter of routine maintenance. Flood damage also is excluded from most standard homeowners policies. You can find out more flood insurance by visiting the National Flood Insurance Program.

However, if the damage was caused by a problem that originated in your home — burst pipes, for example — then the repair costs would be covered up to the amount that it costs to fix the damage, or to the limit of your policy. You should contact your insurance agent to find out the specifics about your policy.

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Disclaimer: We are journalists, not financial planners or insurance brokers. Nothing we say should be interpreted as a recommendation to buy or sell any insurance product, or to provide other financial or legal advice.

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