Insurance Department Releases Data On Foundation Claims

(HARTFORD,Conn./CBS Connecticut)   –  The Connecticut Insurance Department has released information gathered of   foundation-related   insurance claims in eastern Connecticut  in an effort to help the state better understand the scope of the crumbling foundation issues in the region.

The Department sought claims data from  47 insurance carriers  that write homeowner  and master condominium policies  on structures built  since 1983 within a  20 mile radius of J.J, Mottes Concrete  Company in Stafford Springs.

322   claims have been made. 80 were denied,44 closed with payment, which may relate to other  occurrences, such as  fire. 33 claims were closed without payment, 165  claims remain open.

Insurance Commissioner Katherine Wade   says fewer than 1 percent of the homeowners in the affected area have  filed foundation-related claims with their insurance companies .She says the claims are foundation-related, but may also include   foundation issues other than crumbling.

Wade  says  more homeowners need to come forward as the state continues to look for solutions  to help affected homeowners  so the scope of the  issue can be better understood.

In  2015  the Insurance Department prohibited  carriers from canceling or non-renewing  homeowner policies  strictly due to  crumbling foundations.


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