The Homeowners insurance from State Farm offers protection for your home and belongings against various environmental hazards and various types of manmade accidents. A foundation repair is always a daunting problem for homeowners because it costs lots of money. Fortunately, many insurance companies provide various insurance policies that cover foundation repair. State Farm homeowners insurance also covers foundation repair which is very convenient.
However, whether your house qualifies for foundation repair depends on what caused the damage to your foundation. Keep reading the article to have a clear idea about State farm Homeowners insurance and find out whether your house qualifies for the insurance coverage or not. Let’s explore!
What Types of Homeowners Insurance Coverage Available at State Farm?
State Farms offer various types of Homeowners insurance coverage including dwelling coverage. Usually, the dwelling coverage offers protection for your home against damage from weather. This insurance policy also provides coverage for a detached garage, shed, guesthouse, greenhouse, or another outbuilding. The dwelling coverage policy will apply for fire damage, theft, and vandalism. It also provides coverage for water damage from leaking pipes and harm to vehicles. State Farm also has a Standard insurance policy that provides coverage that includes property protection for furniture, appliances, clothing, and other possessions in your home. But you should keep in mind that jewelry or collectibles are out of this coverage and you will need an additional insurance policy. State Farm also has liability coverage that provides coverage for medical bills, and legal expenses. Other types of Homeowners Insurance Coverage offered by State farm are –
- Flood Insurance: If there is any minor water damage like a burst pipe that this type of repair cost is covered by State Farm. However, if the flood is caused by an external source like an overflowing river then State farm won’t provide any coverage. You will need separate insurance coverage to cover these circumstances.
- Earthquake Coverage: State farm Homeowners coverage won’t reimburse you if the house is completely damaged or destroyed in an earthquake. You will need specialized insurance to cover these circumstances.
- Full Replacement Cost: This type of insurance coverage pays the actual cost to rebuild your house at the current cost. The coverage might be greater than the value of your house and it totally depends on your house’s age, location, and local labor and material costs.
- Umbrella Coverage: This is a special type of coverage that supplements liability coverage. You will need this type of coverage when the cost of a covered loss exceeds the limits of a standard Homeowners insurance policy.
- Cyber Event and Fraud Loss: This type of insurance policy offers coverage of up to $50,000. This type of insurance policy will help you cover lost income and legal fees because of fraud or identity theft. If there is a cyber-attack then you will get a coverage of $15,000 to pay the damages.
Does State Farm Insurance Cover Foundation Repair?
State farm insurance policies cover foundation repair but first, you have to determine whether your house qualifies for the insurance coverage or not. Therefore, you have to determine the causes that damaged your house. Sometimes, the damage might be from a tornado or earthquake. But in many cases, it is not easy to determine the causes of the damage. In this type of situation, you have to consult with a foundation specialist to diagnose your house and determine the root cause of the damage. A foundation specialist will help you understand what caused the problem as well as give you a clear idea of how much it will cost to repair the foundation of the house. Moreover, you can also use the report as a piece of evidence when you will be filling a home insurance claim. Some common reasons for foundation damage are –
- Excessive or less moisture in the soil
- Natural disasters like earthquakes, mudslides, and tornadoes
- A problem in the construction
- Tree root growth
- Plumbing leaks
- Earth movement
When State Farm Homeowners Insurance Cover Foundation Repair?
If you check section A of State Farm’s Homeowners insurance then you will see that State Farm will protect the actual structure of your home including the foundation. But you should keep in mind that if your policy is based on the ISO Broad Form (HO-2) then your insurance will only offer protection against the covered perils specifically named in your policy. So, if your house’s foundation problem is caused by something listed in your policy, then the insurance company will surely accept your claim. The State farm homeowners insurance provides coverage for foundation repair if the foundation is damaged because of
- Lightning or fire
- Windstorms
- Fallen trees
- Collapse due to the weight of snow, ice, rain, or sleet
- Water damage from plumbing or HVAC
- Damage caused by vehicles
- Explosions
- Riots or civil disturbances
- Vandalism
- Damage caused by aircrafts
- Falling objects
On the other hand, State Farm homeowners insurance won’t provide coverage for foundation repair if the foundation is damaged because of –
- Natural settling, shrinking, bulging, expansion, and cracking of the foundation
- General wear and tear, marring, and deterioration
- Earthquakes
- Flooding
- Tree root pressure
- Sinkholes
- Rodents, insects, and vermin
- Faulty design or construction
Therefore, read through your insurance policy very carefully and see what causes are accepted by the State Farm homeowners insurance and what causes are not accepted. This way you will easily understand whether your house qualifies for the foundation repair coverage or not.
Detail Process of Buying a State Farm Homeowners Insurance
You can contact a State farm insurance agent or visit the official website of State farm to buy the homeowners insurance. Moreover, you can also visit the nearest State Farm office to buy Homeowners insurance. Now follow the below steps –
- The first part of buying insurance coverage is to decide how much coverage you want
- Try to calculate the total cost to rebuild your house as well as replace all your personal property
- You have to provide the below information:
- Address of the property
- The date you want coverage to start
- Details on the home
- Next, visit the local State Farm office, or contact a State Farm agent to purchase the insurance policy
- After that provide your personal information like name, date of birth, social security number, etc.
- Next provide all the details of the property including the location, age, recent upgrades, etc.
- Provide information about previous homeowners insurance claims (if there are any)
- After collection of all the information State farm will provide an online quote let you contact one of their insurance agents
How to File a Homeowners Insurance Claim with State Farm?
If you are wondering how to file a Homeowners insurance claim with State Farm then follow the below steps –
- If there is any crime like theft or vandalism then report it to the police first
- Next contact State Farm; you can file a claim online via the website or mobile app, or you can also call the State farm customer number or you can also physically submit a claim
- Create documentation of the incident and include the related damages with photos or videos or both
- If you need quick repairs like broken windows or leaking pipes then keep receipt of all repair works
- Finally submit the claim with all required documents and receipts
- State Farm will review your claim and contact you for further details
- You can easily keep track of your insurance claim status online, in the app, or by contacting your agent
FAQS about Does State Farm Homeowners Insurance Cover Foundation Repair
What are the signs of foundation damage?
Some common signs of foundation damage are –
- A wet crawl space
- Misaligned doors
- Insects
- Shifting of floors
- Sagging of floors, walls
- Wet support beams
- Cracks in sheetrock, tiles, or exterior masonry
Does State Farm Homeowners Insurance Cover Mold?
Yes, State Farm Homeowners Insurance covers mold. You will receive insurance coverage of at least $10,000 to identify and repair damage from mold and fungus.
Does State Farm Homeowners Insurance Cover Roof Leaks?
Yes, State Farm Homeowners Insurance covers roof leaks. But you should keep in mind that the insurance won’t cover the cost to repair the roof.
Does State Farm Homeowners Insurance Cover Tree Damage?
Yes, State Farm Homeowners Insurance covers tree damage and other damages because of falling trees.
Does State Farm Homeowners Insurance Cover Personal Injury?
Well, State Farm Homeowners insurance does provide coverage for injuries to others up to specified limits. You have to apply for a higher liability limit if you want more personal injury coverage.