Oklahoma Insurance Professionals LLC Blog
Oklahoma Insurance Professionals LLC Blog
When it comes to foundation issues, homeowners often wonder if their insurance policy will cover the damage. Several factors determine whether or not a foundation is covered by insurance.
Firstly, the type of damage plays a crucial role. Homeowners insurance policies typically cover certain types of damage related to foundation issues, such as water damage from burst plumbing, damage from windstorms, and even damage caused by the weight of snow.
However, not all types of foundation damage are covered.
Types of Damage Covered by Homeowners Insurance Policies
Homeowners insurance policies provide protection and coverage for a range of unexpected events and perils that can damage a home. However, there may be specific limitations and coverage limits depending on the insurance company and policy. It is important for homeowners to understand what types of damage are covered by their insurance policy, especially when it comes to the foundation of their home.
Foundation damage can be a significant issue that impacts the structural integrity of a house, and it is crucial to determine if this type of damage is covered by your homeowners insurance policy in Oklahoma.
Most homeowners insurance policies will cover foundation damage that is caused by covered perils such as fire, lightning, windstorms, hail, and explosions. These events are typically considered "acts of God" and are covered under the dwelling coverage section of the policy. It is crucial to review your policy and speak with your insurance agent to ensure that foundation damage caused by these perils is included in your coverage.
Water damage can be a common cause of foundation issues, whether it be from plumbing leaks, flooding, or heavy rain. However, the coverage for water damage to the foundation of a home may vary depending on the cause. Damage from plumbing issues or burst pipes may be covered by your homeowners insurance policy, while flood damage typically requires a separate flood insurance policy. It is essential to understand the specific coverage for water-related foundation damage in your policy.
Tree Roots and Earth Movement
When it comes to foundation damage in Oklahoma, tree roots and earth movement can be significant factors. Tree roots, in particular, can cause extensive issues if they push against the structure of a house or drain water from the surrounding soil.
Foundation damage caused by earth movement such as earthquakes, landslides, or sinkholes is generally not covered by standard homeowners insurance policies. Homeowners in areas prone to such events may need to purchase separate insurance coverage, such as earthquake insurance, to protect their foundation from these specific perils. Awareness of the risks in your region and understanding the coverage options available to you is crucial in determining whether your foundation damage will be covered.
The intrusion of tree roots into the foundation can exert pressure on the structure, leading to cracks and instability. As the roots grow, they can pry apart foundation materials, compromising its integrity. Moreover, tree roots can also absorb moisture from the soil, creating dry conditions around the foundation. This, in turn, can cause the soil to shrink and settle, potentially leading to foundation settlement and shifting.
Structural Integrity Issues Such as Cracks or Foundation Stabilization
When it comes to the structural integrity of your home's foundation, there are several common issues that can arise. One of the most noticeable signs of foundation problems is the presence of cracks. These cracks can be small hairline fractures or more significant fissures that indicate underlying issues.
There are various causes of these structural integrity issues. Temperature changes, for example, can cause the soil around your foundation to expand and contract, leading to foundation movement. Poor drainage and water buildup around the foundation can also weaken the soil and cause it to shift, resulting in foundation settlement or heaving.
Tree roots can also pose a threat to the foundation. As roots grow, they can exert pressure on the foundation walls, causing cracks or even foundation destabilization. Lastly, inferior construction or faulty construction practices can contribute to foundation issues over time.
Remember, regular maintenance and proactive measures can help prevent foundation problems. Keeping the surrounding soil well-drained, maintaining proper grading, and addressing water issues promptly are all important steps homeowners can take to protect their foundation from damage.
We Help You Prepare for Potential Foundation Issues in Oklahoma
Living in Oklahoma comes with its fair share of challenges, including the potential for foundation issues due to weather conditions, soil composition, and other factors. As a homeowner, it's crucial to understand how your insurance policy covers foundation damage to ensure that you are adequately protected.
Understanding covered perils, reviewing coverage limits, and considering additional coverage options such as separate flood or earthquake insurance policies.
By being proactive and knowledgeable about your insurance coverage, you can be better prepared for any unexpected events that may arise and potentially save yourself from significant repair costs.
At Oklahoma Insurance Professionals, we provide you with a homeowners insurance review of your standard homeowners insurance policy (and any other related coverage you may have). Our independent insurance agents make it a point to find you the best coverage, and if you are underinsured, we help identify the best supplemental coverage to protect you better.
We live right here in Oklahoma City and love to serve where we call home and surrounding areas.
Reach out today to have one of our independent agents find the best solution for you and yours.