When it comes to choosing a foundation repair contractor, it comes down to what your preferences are. In some cases, it may come down to the warranties offered by the contractors.
Foundation repair can be a costly affair. It’s therefore not surprising that homeowners will choose a contractor that provides a warranty. This is a great way of ensuring your investment in your foundation. However, many people don’t truly understand warranties and what the contractor offers. Many fall blindly for what sounds like great warranties only to find that they were only a marketing gimmick.
What’s in the warranty?
Many warranties offered by contractors are a sales gimmick to persuade you to buy their services. It’s therefore important for you to read the fine print before signing the dotted line.
There are three common types of warranties offered by foundation repair contractors. These are:
- Lifetime warranties
This sounds great, right? Wrong. Be careful when you’re offered a lifetime warranty. There are caps to the warranty depending on the state you live in. Some states cover such warranties for 7 years while others will offer you 11 years. Others allow cover for the life of the structure. You should therefore check with the contractor as well as with the state’s laws to determine how long you’re covered for.
- Manufacturer’s warranty
This type of warranty only covers the products installed by the contractor. It is important to ensure that the manufacturers of the products installed offer this type of warranty at a minimum. Your contractor should be able to provide you with a copy of the warranty to go through and sign. They will then send a copy of the warranty back to the manufacturer. Keep your copy for future reference. You may need it one day.
- Limited warranties
Most contractors will offer you a limited warranty. This is a warranty that is limited by the scope it covers. This type of warranty often only covers those parts of the foundation that were directly affected by the repair work. There may also be various other limitations including how long you are covered for and what the contractor will do in case further repairs are required.
Reading the fine print is vital even when you need emergency repairs done on your foundation. You don’t want to spend a lot of money on repairs and find that you’re not covered when you need further work done.