A builder’s warranty (also known as a structural warranty) generally covers your home’s foundation against damage for up to 10 years. This policy can include damage from soil movement, which accounts for a large majority of claims. But it is important to remember that each state has a Statute of Repose. This policy means you, as the homeowner, are responsible for fixing structural problems caused by foundation damage. Homeowner’s insurance will also cover foundation damage if it is specifically mentioned in your policy. However, almost all policies will exclude floods and earthquakes, and normal wear and tear. Normal wear and tear can include settling, shifting, and cracking in your foundation. It is critical to have a home foundation inspection done on your potential property purchase before you buy. We also highly recommend having one of our foundation specialists come to your home to professionally diagnose any foundation issues and write up a report to use as evidence should you decide to file a claim.