Homeowner’s insurance policies are designed to protect us if and when the unexpected happens. Unfortunately, not all home damage is protected, and in some cases coverage varies depending on your policy. But what if your home, or part of your home, collapses? Although it may seem like a cut-and-dry case for insurance coverage, this may not always hold true. In most cases, coverage depends on several complex factors, and can result in insurance litigation. Most standard homeowner’s policies define a collapse as “an abrupt falling down or caving in of a building or any part of a building with the result that the building or part of the building cannot be occupied for its current intended purpose.” A building or part of a building that is in danger of falling down is not considered to be in a state of collapse, even if it is bending, leaning, sagging, cracking, bulging or showing other evidence of decay. In…Read More
