Concrete Foundation Collapse

by Lerrin
(Ontario, Canada)

Hi, I have a general question about foundation collapse. I know that foundation leaks etc...are not covered by nearly all insurers, however what happens if the concrete floor in someone's home collapses in a corner - bringing some of the main and second floor down with it?

This is a pretty extreme condition, but I have a colleague that it happened to in the U.S. and there's was covered in Arizona but he was told that not all States have this coverage...which got me thinking to Ontario...

Thank you.

Insurance for Foundation Collapse

Hi Lerrin, The vast majority of policies would not cover this unless it was as a result of an insured peril like a fire or impact by a vehicle.

There might be comprehensive policies that do not exclude this and therefore cover it. But I am not aware of any specifically. You'd have to check the policy wording to see.

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