FAQs Archives - Most Insurance https://www.mostins.com/faqs/ Fri, 04 Nov 2016 18:24:54 +0000 en-US hourly 1 https://wordpress.org/?v=6.0.1 Does homeowners insurance cover foundation settling? https://www.mostins.com/faqs/does-homeowners-insurance-cover-foundation-settling/ https://www.mostins.com/faqs/does-homeowners-insurance-cover-foundation-settling/#respond Fri, 04 Nov 2016 16:26:06 +0000 https://www.mostins.com/?p=2907 It depends on what caused the damage. The most likely causes of foundation damage, such as soil expansion, the small cracks that come from settling and contraction or poor construction, are typically excluded from most insurance policies.

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]]> You may purchase the sinkhole endorsement, which will cover you for settling. However, this is a process that requires a geological survey to be performed at the homeowner’s expense. Only on the condition that this geological survey is passed would you able to get the sinkhole and settling coverage. Look at your policy or talk to your agent to see if your policy specifically covers foundation damage.

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]]> https://www.mostins.com/faqs/does-homeowners-insurance-cover-foundation-settling/feed/ 0 Does homeowners insurance cover sinkholes? https://www.mostins.com/faqs/does-homeowners-insurance-cover-sinkholes/ https://www.mostins.com/faqs/does-homeowners-insurance-cover-sinkholes/#respond Fri, 04 Nov 2016 13:39:45 +0000 https://www.mostins.com/?p=2892 Yes, if all four elements of the following are present:

1. There has to be an abrupt collapse of the ground cover.
2. There has to be a depression in the ground that is clearly visible by the naked eye.
3. There must be structural damage to the building, including the foundation. Just because there is a hole in your lawn, does not cover it.
4. The insured structure has to be condemned by the appropriate authorities in that community.

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If all four elements are not met, then the coverage would fall under settling and that would depend on if the house has coverage or not.

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