Does Home Insurance Cover Basement Waterproofing?

While it would be ideal to be able to answer this question with a simple yes or no, it is not possible. An insurance company’s perspective on coverage for basement leaking and waterproofing will be influenced by a range of circumstances.

  • When a water event occurs in your basement, your insurance provider will normally pay for the clean-up and investigate the reason. The damage will be covered by the insurance if the cause was inside, such as a broken pipe or appliance, or even an overflowing sink or tub. The damage is unlikely to be covered by insurance if the source of the water is external, such as groundwater, a flooded stream, lake, pond, or river, or even large storms.
  • Even if you have flood insurance, there’s no certainty that a basement groundwater flood will be covered. Because the most typical entrance routes for groundwater are cracks and joints in foundation walls and floors, the insurance company will view this issue as being caused by a lack of home maintenance.

Does homeowners insurance cover water leaking into basement?

Water damage to your house can result from a variety of issues, some of which are covered by your homeowners insurance and others which aren’t. So, if your washing machine breaks down, does your homes insurance cover water damage in your basement?

The answer is contingent on a number of things. You should be able to file a claim if the damage was unexpected and not caused by a lack of maintenance.

Causes of Basement Flooding That Are Covered by Homeowners Insurance

Water damage to the basement may be covered by homeowners insurance in a variety of situations. Your homeowners coverage will assist safeguard your financially if your basement floods due to a covered loss, even if it isn’t termed “basement flood insurance.”

If the water damage is unexpected or accidental, you will most likely be covered. Maintenance of your equipment is essential, and difficulties resulting from natural wear and tear are rarely covered losses. Here’s a list of frequent issues that homeowners insurance would normally cover in the event of a flooded basement:

Causes of Basement Flooding That Are Not Covered by Homeowners Insurance

Basement flooding and homeowner’s insurance don’t always go together. The way a basic home insurance policy covers flooding basements is usually limited. There is, however, some good news. Additional coverage can be purchased to properly protect your basement from flood damage. Here are a few scenarios of basement flooding that your insurance would most likely not cover:

How much does Basement Waterproofing cost?

First, let’s take a look at some typical basement waterproofing costs. Waterproofing a basement can cost anywhere between $1,920 and $6,493, according to online estimates and calculators.

Minor repairs can cost as little as $600, while more substantial and intricate waterproofing jobs might cost as much as $10,000.

Of course, paying $600 versus $10,000 is a significant difference, so let’s look at some of the factors that will influence the precise cost of your repair so that you can create a reasonably accurate budget.

Does homeowners insurance cover wet rot?

Unless it is caused by a covered risk in your policy, wood rot is usually not covered by homes insurance.

If a pipe bursts and causes wood rot in your floor or ceiling joists, your homeowner’s insurance will most likely pay the repairs. However, any fungus or damp rot that develops over time is unlikely to be covered.

If the damage is covered, the extent of the damage and repair costs will determine whether or not you should file a claim.

Is a foundation leak covered by insurance?

If the cause of the damage is covered by your homeowner’s insurance policy, foundation repair will be covered. Damage from earthquakes, flooding, and the settling and cracking of your foundation over time, on the other hand, is not covered.

Why does my basement leak when it rains?

The pressure caused by water in the soil surrounding the foundation is the most typical source of basement leaks. There are two types of pressure that can be problematic:

  • The earth can become saturated during periods of heavy or continuous rain, resulting in hydrostatic pressure (or water pressure) that can drive moisture and water through your basement walls and floor.
  • The looser the earth surrounding your foundation is, the more water it absorbs. Rainwater from clogged gutters or downspouts discharging water directly adjacent to the foundation floods the area around the house frequently. When the soil expands, it puts pressure on the foundation in the lateral (or sideways) direction. This can wreak havoc on your home’s foundation and lead to basement leaks.
  • Water leaks in the basement can also be caused by window wells. A window well might fill with water if it is not correctly placed or if the drain becomes clogged. Water might sneak into your basement during a hard downpour. Water stains on the walls are a dead giveaway that your basement windows are leaking.

Is failed waterproofing covered by insurance?

  • Waterproofing membranes that have failed. This is extremely common, and it’s worth noting that repair costs include stripping the bathroom, reapplying the membrane, and rebuilding bathroom tiles and fittings if the damage is caused by a failing waterproofing membrane. The expenses will not be reimbursed.
  • Bathrooms that do not have waterproofing membranes will be required to install one in order to comply with a new code.

How do you fix a waterproof basement leak?

The foundation of a house is regarded to be the most durable section of the structure. However, as a house’s foundation settles into the ground, fractures will form and water will leak in, resulting in a wet basement. These foundation flaws can usually be repaired with simple DIY basement waterproofing options. A contractor may be necessary to repair serious fundamental damage, or a landscape architect/civil engineer may recommend regrading your yard and/or revamping your drainage system in specific outside waterproofing situations. However, we’ll concentrate on interior waterproofing, which you may accomplish yourself as a homeowner to get a dry basement.

Before You Begin

*Efflorescence is a white, powdery, crystal-like powder that can be cleaned with DRYLOK Concrete and Masonry Liquid Etch & Cleaner or muriatic acid on masonry walls. Before using, please read the manufacturer’s instructions.

Can you sell a house of the basement leaks?

Consider repairing a leaking basement – or a basement that has previously leaked – before selling the house. The cost of repairing a wet basement should be repaid several times over. It will have an impact on the price at which you may list your home and will aid you in negotiations with potential purchasers. A transferable warranty on a cast-iron sump pump and interior drainage system, as well as an energy-efficient, self-draining basement dehumidifier, will give you peace of mind that your basement will stay dry and clean for years to come.

If you’re thinking about selling your house because you need more living space, consider waterproofing and finishing the basement instead. A finished basement is a low-cost way to add more usable square footage to your existing home. In the last 20 years, finished basements have become increasingly popular, with the Home Improvement Research Institute estimating that one million homeowners finish or remodel their basements each year. Furthermore, according to Money Magazine, the cost of building an addition can range from $150 to $200 per square foot, whereas a basement finishing project should cost between $30 and $75 per foot in most cases. A smart investment of 12-15 percent of the house’s purchase price increases the livable space by one-third to one-half. Despite the current housing market’s difficulties, the national average return on investment for basement finishing is about 75% of the cost of installation. The end result is a new living space that is beautiful, quiet, and naturally private without the cost and hassle of moving.

How much does it cost to waterproof a 1000 sq ft basement?

Waterproofing a 1,000-square-foot basement costs on average $4,118, or $3 to $9 per square foot, including internal and exterior wall sealing. Minor crack filling and repairs cost $1,500, while total drainage improvements cost $2,000 to $6,000. Some waterproofing companies bill by the project or by the linear foot. Receive free quotations from local basement waterproofing providers.