![]() Like most things in life, early detection and preventive measures are a homeowner’s best bet. ![]() If your home’s foundation is not where it needs to be, it can lead to even more serious problems lowering your property value and creating an unsafe living environment for your household. Serious foundation issues can be devastating for any home. Stay informed by learning the signs of serious issues and learn more about how to protect your home from such perils. This includes each of the top 3 locations encompassing:įoundational issues are issues that may not be unique to Texans but is more important to homeowners here than any other state in the country. Of the top 15 metro areas with foundation issues in the United States, 7 of them involve Texas. Damage from the weight of ice or snow/sleet.Civil commotion, riots, vandalism/malicious mischief, and theft.Freezing and thawing causing water to back up under your roof.Damage from aircraft, vehicles, and falling objects.For more details, be sure to check out all things home insurance, but for now, here’s a refresher on the perils your home’s foundation is protected against: For example, while your home and its foundation are protected against wind damage, meaning a foundation damaged by wind would be covered, flooding is not covered by a standard home insurance policy, so flood damage to your foundation wouldn’t be covered. It will depend heavily on the cause of your loss. However, there are some important exclusion examples, including settling/cracking due to earth movement, issues below the foundation, and slab leaks are sometimes excluded unless covered by endorsement. We’re committed to working with you to ensure you receive the right benefits at the right time.Yes, in the state of Texas, homeowners receive protection against foundation issues through their homeowners insurance policies. Talk to one of the dedicated agents at G Stan Kearby Insurance Agency, Inc. to determine which flood insurance options are best for you. ![]() If you do not buy a policy, then you will not qualify for such assistance in the future. Some lenders require mortgage holders to buy flood insurance regardless of whether they live in a high-risk zone.Ĭoverage is required if you live in a high-risk flood zone and have ever received disaster assistance through FEMA or the U.S. If you live in a designated high-risk flood zone, and you have a mortgage backed by a federally insured lender, then you will have a coverage requirement. Many homeowners are required to buy flood insurance: There is also coverage for debris removal costs, loss avoidance and cost of compliance. Non-Residential Businesses and Buildings: $500,000 Structure/$500,000 Contents Other Residential Buildings: $500,000 Structure/$100,000 Contents One- To Four-family Residential Addresses: $250,000 Structure/$100,000 Contents NFIP plans will offer coverage up to the following limits:
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