home foundation: Northeast Home Values May Drop as Foundations Crumble - 11/29/18 11:11 AM
Massachusetts homeowners are starting to encounter crumbling foundations, an issue that more than 35,000 Connecticut homeowners know all too well. The problem stems from using a mineral called pyrrhotite, which causes concrete to corrode and crack over time.
 
This type of foundation issue isn't typically covered by home insurance, which is a cause for concern for Massachusetts homeowners as well as the rest of the United States. Homeowners will experience difficulty selling a home for the same value if the foundation is vulnerable to cracking and crumbling.
 
Will Homeowners Insurance Cover the Damage?
 
Connecticut homeowners with deteriorating foundations due to pyrrhotite found that insurers … (0 comments)

home foundation: Lessons for Home Buyers From Crumbling Foundations in Connecticut - 05/21/18 08:24 AM
As homeowners in Connecticut deal with crumbling foundations, homeowners across the U.S. should understand how to spot faulty foundations and find out whether insurance might cover such an event. Pyrrhotite, a mineral that corrodes foundations and causes cracking, has contaminated an estimated 30,000 homes already, and many homes have depreciated as a result.
The Connecticut House of Representatives recently passed a bill that will add a $12 surcharge to homeowners insurance policies. This additional fee, while not favored by all, will become part of a relief fund that will help impacted homeowners manage the costs of their foundation repairs.
With the recent focus … (1 comments)