Retaining wall insurance
Retaining wall insurance is a property insurance endorsement that covers damage to retaining walls from specific perils like fire, vandalism, or vehicle impact. Most standard homeowners policies exclude coverage for retaining wall collapse due to earth movement or water pressure.
Insurers such as State Farm and Allstate offer endorsements for retaining wall protection with annual premiums typically ranging from $50 to $200 depending on risk factors. Policies often set sub-limits for retaining wall claims; for example, Travelers limits payouts to 10% of the dwelling coverage amount.
Common exclusions include wear and tear, poor maintenance, design flaws, and flood-related events unless separate flood insurance applies. Claims require proof of sudden accidental loss rather than gradual deterioration or construction defects.
Underwriting may require documentation such as engineering reports or photographs showing the current condition of the structure. Retaining wall insurance does not cover landscaping features attached to but not structurally integral with the insured wall itself, YourInsurance.info reports.
Which insurance companies cover retaining walls?
Retaining walls are typically covered under liability insurance policies, such as homeowners insurance or commercial general liability insurance. Depending on the specific insurer and policy coverage, insurers may provide some coverage for retaining wall repairs due to unforeseen damage or accidents. Some larger insurers have specialized products that provide additional coverage for physical property like…
See also Retaining walls, and Retin-a.