Does insurance pay for cracked basement repair?

Bob McGuire — Fri, 04 Dec 2009 14:05:21 +0000

I got a question “does insurance pay for cracked basement repair”? The answer is pretty simple but complicated. Insurances usually pay for “damages”. So there are 2 things to consider. A: we have the wall crack and B; we have the rotten carpet and the studs that have to be removed and drywall that has to be removed and all the water on the floor. The answer is that insurances consider the wall crack “Maintenaince” and not damages. They figure you should be keeping an eye on your basement walls and when they shrink and crack you should maintain your house and fix the crack yourself. On the other hand “Collateral damage” is the damage the water caused. A flood or mini flood. Oakbridge Construction does flood repairs also and as a matter of fact we did one in Westland last week. So what the insurance paid for was the moldy wood wall removal and the collateral wiring that would have to be ripped out and re installing wall covering like paneling and drywall and painting the things that had to be r & r. They did not pay for the waterproofing job that had to be done.

There are two different types of insurance for basements. Flood insurance and sump pump insurance. If you have a finished basement you need both. I suppose if you live in a flood zone you should get FEMA insurance. I can’t quote and prices but I can say that people that have bought the insurance seem pretty happy the did buy it when they get a quote for damage. The waterproofing is usually pretty cheap by comparison. – Bob

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Does insurance pay for cracked basement repair?