How to Pay for Foundation Repair

Foundation inspections and maintenance are your best bets when it comes to preventing foundation damage. But as a homeowner, you know there are times when repairs are necessary to sustain a healthy home. This is especially true if you have lived in your home for a long time, or if your home is older. 

But all types of foundation repairs aren’t the same. Likewise, foundation repair costs aren’t the same either. Depending on your situation, you might even wonder if a foundation finance option and payment plan is worth it. Or perhaps you wonder whether home insurance pays for foundation repair. 

This and other considerations are common. The bottom line is that you have options regarding how to pay for foundation repair. Let’s dive in and take a look at some of them. 

Does Home Insurance Pay for Foundation Repairs? 

It is common knowledge that insurance policies are not blanket solutions to anything that goes wrong. Depending on the cause of your foundation damage, your policy may or may not cover the repair. To get insurance to pay for foundation repairs, make sure to read your policy and speak to your insurance carrier. 

Water damage is a common reason for foundation repair, but the cause of the water damage is what matters. For instance, water damage from overflowing AC or plumbing could be included in insurance. On the other hand, earthquakes, flooding, or natural settling of your home are typically not included. 

Therefore, the cause of the water damage makes a difference on whether insurance will pay for your foundation repair. 

To Pay or Move On? 

There are certainly times when the foundation repair cost might not seem worth it. This usually happens when someone is looking to buy a home, but the foundation problems are too costly. A home inspection will uncover these issues, the severity of the situation, and urgency to repair the issues.  For many homeowners, it simply comes down to your financial situation. 

In some instances, the buyer and the seller can work out an agreement to settle the foundation repair payment. But these situations are on a case-by-case basis. However, as a homeowner, the best way to prevent foundation damage from getting that bad is to have regular inspections. Staying on top of your maintenance can keep your foundation in check. 

Financing Options? 

Sometimes, paying for foundation repair is your best option. But it is no secret that there are times when the upfront bill might not be ideal. In these instances, there are financing options you can take advantage of. Financing involves a quick application process, online account management, and low monthly payment options. Companies like PierMagic offer financial options for homeowners of all backgrounds. 

After all, your foundation is the stability of your home. Depending on the severity of your issue, it is worth preserving your foundation. 

Free Inspections

Because we understand the importance of a solid home foundation, we provide free foundation and waterproofing inspections. This allows us to inspect each situation individually and assess the particulars. 

When it comes to foundation issues, there is no reason to delay and spend more of a more extensive repair Protect your family and home with our expert residential foundation repair service.