Knowing the signs of foundation damage is important, but understanding the cost of repairs and how to get insurance coverage is even more important. Read on to learn how foundation repair can help you save money. After all, your home is a big investment, so you need to make sure it stays that way. But why is it so important to repair your foundation? Here are three reasons. You might be surprised!
Signs of foundation damage
Cracks in the walls and floor are telling signs that your home's foundation is in trouble. The smaller cracks, such as those near door and window frames, are normal seasonal expansion of the wood underlying them. However, if these cracks are frequent, they may be indicative of larger problems with your foundation. It may be time to call a professional for repair. If you suspect your home's foundation needs repair, you can fix nail pops yourself or call a professional for a detailed evaluation.
Fine cracks in the foundation walls can occur as the house settles or water evaporates from the concrete mixture. Cracks on a foundation wall are a sign of a more serious problem. Large cracks, such as a zigzag, can signal a weakened foundation that may need to be stabilized. Cracks in walls around the doors and windows, as well as bowed or cracked walls, are also signs of foundation problems.
Cost of repairs
Home foundation repairs can be costly, but there are several ways to fix small cracks on your foundation for pennies on the dollar. You can use a trowel and bucket of premixed cement to fix a corner pop, but larger cracks require more extensive work. Depending on the damage, a foundation repair job could cost anywhere from $2,000 to $8000. You may also need a soil report and permits.
The initial cost of repairing a crack in a concrete foundation can be anywhere from $250 to $800. Cracks larger than one eighth inch are a structural concern, and require the services of a foundation repair contractor. Cracks over that size could mean that your home is sinking or shifting. Cracks larger than this should be repaired, so water won't seep through. A more costly procedure would be pumping materials under the foundation to fix it.
When a tree roots in your basement and starts to rot, you'll need to get a home insurance policy. Typically, this type of coverage covers damage caused by the roots of a large tree, but you can also get coverage for flooding or other types of natural disasters. Flooding is one of the most common causes of foundation damage, and your insurance policy should cover the repair costs of slab concrete cracks.
If you're not sure whether or not your insurance policy covers foundation damage, speak to an insurance agent and see what they recommend. The agent will be able to answer your burning questions and arrange a visit from a claims adjuster. Once the inspector has evaluated the damage, you can schedule the repairs and receive the funds from the insurance policy. During this process, you'll need to hire a contractor that complies with the insurer's requirements.