We purchased our home from the bank 5 years ago (it was a foreclosure. The house is now 10 years old). This. Winter, We noticed water damage in one bed room and found 2 twelve inch cracks on the side of the house. Also, the door to a patio above that bedroom has a door that is very hard to open and close. We had a reliable contractor look at it and he said the house settled and it has caused a lot of damage. He thinks the damage may be due to the foundation not being laid correctly. We are uncertain how to proceed. Should we file a claim with our insurance company? Go to the contractor? The bank? Thanks
Should we file an insurance claim if there is structural damage to a house when it is caused by settling?
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One response to “Should we file an insurance claim if there is structural damage to a house when it is caused by settling?”
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Homeowners Insurance generally excludes settling of a home. Your standard HO 3 policy will read an Exclusion for: Settling, shrinking, bulging or expansion, including resultant cracking, of bulkheads, pavements, patios, footings, foundations, walls, floors, roofs or ceilings. However in any potential claim situation I recommend you consult your insurance provider.
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