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Where I live there has been a drought this summer. I read in the local paper that some houses are pulling away from their foundations due to the dry soil. Some are having to pay 10-20 thousand dollars for foundation repair work. Apparently you are supposed to water the soil around the foundation in very dry weather (first time I ever heard of this).
I don't have this problem but I asked my insurance agent if I would be covered in such an event. She said it was a wear and tear issue over time and was not covered. I believe that most people who have this problem would disagree and consider it a result of the drought.
I don't really have a question, just a comment, that I think insurance companies should cover these types of unexpected events. Obvious things like floods I can understand requiring additional premiums but not many people would think to consider drought caused foundation damage.
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