Depending on what kind of foundation your home was built upon, your insurance company will have different options. Your foundation, and the condition it is in will be a factor in what your insurance premiums will come to. Warmer and colder climates have different foundations, so your geographical location will play a part in which of the 3 basic kinds of foundations that are used:
Slab foundations basically are just flat hardened concrete on top of the ground. This kind of foundation is a very economical choice. These do not take a lot of physical labor, there is minimal formwork, and the site is quick to prepare. Slabs provide a solid, level surface for floors so homes built on slabs don't often have problems with creaking floors or doors that won't open and close as a house settles over time.
Typically, basements are about 6-8 feet underground, and a stable foundation is achieved in this way. Full basements provide space for the household utilities along with the head space that allows for building full rooms below grade.
A crawl space is a raised foundation which gets its name from the fact that it is built above the ground, allowing for just enough room to crawl underneath. This kind of foundation has the advantage of having plumbing, wiring, and heating ducts underneath the home, and pest control is also aided because the house is not directly on the ground.
A home insurance provider will use information about your home's foundation in order to determine if you are suitable for coverage. They will ask questions, so find out about your foundation so you can provide the needed details. Most insurers will ask if your house was built on a continuous concrete foundation. Questions will also be raised about visible indications of cracking or erosion as well. Your home will most likely not be insured if it is not built on a proper foundation. Homes not built on a foundation, like most modular and mobile homes and some older homes, will need to be insured by a specialty provider as they present a unique risk.
Insurance agents will calculate what the cost of rebuilding will be after the continuous concrete foundation is determined, and that will be a factor in the estimate that the agent comes up with. There are some policy exclusions to be aware of when insuring your home and you need to be aware of them in the event of a loss. When the cause of damage is from mould, contaminations, wear and tear, defects and corrosion issues, not all insurance policies cover these circumstances. Not covered in all policies are settling, structure cracks, and damages caused by sinking and things of that nature. Not covered in most cases are water or ice weight damage, and thawing and freezing issues as well.
In short, it's important to ensure that the foundation of your home, whether it is slab, crawl space or basement, is in good condition. If it is not, you may find yourself in a situation where you may not be covered for any damage under your home insurance policy.
Slab foundations basically are just flat hardened concrete on top of the ground. This kind of foundation is a very economical choice. These do not take a lot of physical labor, there is minimal formwork, and the site is quick to prepare. Slabs provide a solid, level surface for floors so homes built on slabs don't often have problems with creaking floors or doors that won't open and close as a house settles over time.
Typically, basements are about 6-8 feet underground, and a stable foundation is achieved in this way. Full basements provide space for the household utilities along with the head space that allows for building full rooms below grade.
A crawl space is a raised foundation which gets its name from the fact that it is built above the ground, allowing for just enough room to crawl underneath. This kind of foundation has the advantage of having plumbing, wiring, and heating ducts underneath the home, and pest control is also aided because the house is not directly on the ground.
A home insurance provider will use information about your home's foundation in order to determine if you are suitable for coverage. They will ask questions, so find out about your foundation so you can provide the needed details. Most insurers will ask if your house was built on a continuous concrete foundation. Questions will also be raised about visible indications of cracking or erosion as well. Your home will most likely not be insured if it is not built on a proper foundation. Homes not built on a foundation, like most modular and mobile homes and some older homes, will need to be insured by a specialty provider as they present a unique risk.
Insurance agents will calculate what the cost of rebuilding will be after the continuous concrete foundation is determined, and that will be a factor in the estimate that the agent comes up with. There are some policy exclusions to be aware of when insuring your home and you need to be aware of them in the event of a loss. When the cause of damage is from mould, contaminations, wear and tear, defects and corrosion issues, not all insurance policies cover these circumstances. Not covered in all policies are settling, structure cracks, and damages caused by sinking and things of that nature. Not covered in most cases are water or ice weight damage, and thawing and freezing issues as well.
In short, it's important to ensure that the foundation of your home, whether it is slab, crawl space or basement, is in good condition. If it is not, you may find yourself in a situation where you may not be covered for any damage under your home insurance policy.
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