Subsidence
The gradual sinking or caving in of land, often caused by soil erosion, underground water, or mining activities.
Detailed Explanation
Most standard homeowners policies exclude damage caused by earth movement, including subsidence. In areas prone to this risk, additional coverage may be available, though often at significant cost due to the high potential for expensive claims.
Practical Example
When gradual subsidence caused cracks in Eric's foundation and walls over several years, he discovered his standard homeowners policy excluded this type of earth movement, leaving him responsible for the $45,000 in repairs.
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