Yes, cracked and peeling paint is a sign of paint failure. Basically, failed paint like this exposes your exteriors to the damaging effects of wet weather. Paint failure is also identified by: Chipped paint Faded paint Bubbling or blistering paint If you see failed paint on your property, don't panic! Reach out to our exterior painter in Thorntonhornton to book your free estimate. We'll be happy to help!