Crumbling foundation issues are a major problem in Connecticut. Pyrrhotite causes the slow deterioration of concrete foundations. The damage can be irreversible and while there are some solutions for a crumbling foundation, they can be expensive, disruptive and not worth the cost.
The insurance industry is strong in Connecticut and has fought to deny claims for help made by homeowners with crumbling foundations.
Is this fair? No. Is it the reality? Yes.
Insurance won’t cover your repair. But you have options- your insurance along with a state program may pay for a large portion of repairs if you choose to apply for the funds and have your home fixed. Part of that process is making an insurance claim and obtaining a denial.
Does this make sense? Not really, but it’s one step toward resolution.
If your home is affected, the State of Connecticut is providing financial assistance to homeowners who have a crumbling foundation, due to pyrrhotite, where the home, condo, Planned Unit Development, or home addition was built after January 1, 1983, and before December 31, 2015.
One option if you can’t repair your home and believe it has lost too much value is a strategic mortgage default. But no one should stop paying a mortgage without legal counsel and advice! Attorney Sarah Poriss and her team can help you develop the best strategy that makes sense for your future. Let’s talk about your options today.