Your home's foundation might be covered within your current homeowner's insurance policy. Here's why –
In 2003 insurers lobbied the Texas legislature to remove the "accidental discharge of water" peril from the standard (HO-B) homeowner policy. They won. And ever since, the public perception has been that home foundations are no longer covered.
Insurers have begun to "sell back" foundation coverage as part of the overall premium. Which means many folks are unaware if they have it or not. Itís definitely worth a call to find out. If your foundation problems are due to a leak in your incoming or outgoing plumbing system, this coverage would help pay for repairs.
Here is a list of Texas insurers for your convenience. If you see yours click the link and you will be connected to their contact and/or claim page. Give 'em a ring. Reference the coverage type listed below along with your policy number. Who knows, all those years of paying annual premiums might just pay off after all!
|Allstate Fidelity and Casualty||AFHI|
|Encompass Indemnity||Deluxe Home|
|Encompass Indemnity Elite||Elite Home|
|Homeowners of America||HOB|
|Metropolitan Lloyds of Texas Platinum (MET LIFE)|
|Metropolitan Lloyds of Texas RPP (MET LIFE)||HOB|
|State Farm Llyods / with endorsement|
|Universal Insurance of North America||HOB|
|USAA / with endorsement||HOB|