Is Foundation Repair Covered by Insurance?

If you’re like a lot of homeowners, a water problem might have you nervous about how much foundation repair will cost. That’s why you may be wondering if foundation repair is covered by insurance. After all, you’ve invested in an insurance policy to help take the burden off of you when it comes to certain home repair costs.

Unfortunately, unless your foundation problem is a proven byproduct of a “peril,” such as a tornado, then your foundation repair is likely not covered by your homeowner’s insurance.

Generally speaking, in most cases, typical homeowner’s insurance covers events like:

  • Lightning
  • Fires
  • Windstorms
  • Explosions
  • Snow, ice, or sleet damage
  • Tornadoes
  • Volcano damage
  • Vandalism
  • Water damage from plumbing, heating, or AC overflow

Of course, it still doesn’t hurt to dig deeper into your plan and to ask your agent if any repair costs are covered. If the foundation problem can be proven to be directed related to a plumbing problem, such as a burst pipe, it’s possible that your insurance policy could cover a portion of the foundation repair.

But don’t get your hopes up too high. To be honest, at Adams, we have not worked with any clients who have had their home repairs covered by homeowner’s insurance. We have yet to work on a foundation repair that has been directly caused by a major peril, or a “covered event,” such as the examples above. So, the responsibility has fallen upon the homeowner to cover the cost.

However, that doesn’t mean you should put off getting an estimate.

In fact, an estimate from a professional foundation repair company may be helpful when it comes time to verify whether or not your insurance policy will cover the problem. Having a professional estimate will also give you a sense of how much you may need to spend should the repairs not be covered at all.

How Much Does Foundation Repair Cost?

Since it’s highly unlikely that your foundation repair covered by insurance, you might be wondering how much does foundation repair cost?

Foundation repair can vary dramatically in cost based on what service and what company you’re utilizing. The best way to keep foundation repair affordable is to work with a reputable company that you can trust to follow through on their promises and implement long-term solutions that won’t leave you with further problems down the road.

It also helps when your foundation repair company takes a conservative approach first.

At Adams, we always start conservatively, beginning with poly injection crack repair for a long-term and effective solution where it is warranted. However, should we determine that your foundation problem requires a more comprehensive solution, we have other options as well. Unlike small companies that can only offer crack repair—and suggest it for any and every foundation problem—we have bigger solutions for bigger problems. After all, crack repair for a problem that stems beyond the crack is just like putting a small Band-Aid on a large wound. It might work temporarily but it’s not going to be a long-term solution.

In the end, by choosing a reputable company that you can trust to get the work done right, you can feel confident that you’re investing in a solution that will save you in the long run. The last thing that you want to see happen is to have more problems down the road because a repair wasn’t fixed properly or because it was put off for too long. Whether your insurance covers foundation repair or not, it’s important to get the ball rolling and get a solution underway before you have greater problems to deal with.