Insuring house that has had subsidence

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    Insuring house that has had subsidence

    My property has some cracks. I am selling it, so a purchasers valuer noted these and recommended a structural report. The structural chap said, there is a drain that has probably caused this. He did not think the problem is getting worse.

    I am however worrying about the possibilty that many insurers will decline to insure it! I need some advice from people with experience of such a problem, and recommendations on how to get insurance under these conditions. There must be many insurers who are willing to provide cover.

    #2
    Originally posted by Wickerman
    Has the drain been replaced? For a drain to cause structural movement I would expect the drain to have collapsed or become cracked; eg, it may get worse over time even though it seems like it is not getting worse.

    As to insurance, you may be OK if you give the insurers the structural report - has worked for me in the past.

    Thanks for your comments. The drain has not been repaired or known to have caused blockages. I will however, get it relined (that is the quickest solution). Once that is done, it should leak no more.

    Comment


      #3
      Help at hand

      [
      Sadly most insurers will not touch this they will help without any additional fuss or costly reports
      Good luck




      QUOTE=jonblair123;27432]My property has some cracks. I am selling it, so a purchasers valuer noted these and recommended a structural report. The structural chap said, there is a drain that has probably caused this. He did not think the problem is getting worse.

      I am however worrying about the possibilty that many insurers will decline to insure it! I need some advice from people with experience of such a problem, and recommendations on how to get insurance under these conditions. There must be many insurers who are willing to provide cover.[/QUOTE]
      Last edited by Editor; 15-07-2008, 09:46 AM.
      Neil NEW direct dial 0208 8509697
      email

      Comment


        #4
        Help availiable

        Sadly most insurers will not touch this But if you ring DeliteInsurance 02083162341 they will help without any additional fuss or costly reports
        Good luck




        QUOTE=jonblair123;27432]My property has some cracks. I am selling it, so a purchasers valuer noted these and recommended a structural report. The structural chap said, there is a drain that has probably caused this. He did not think the problem is getting worse.

        I am however worrying about the possibilty that many insurers will decline to insure it! I need some advice from people with experience of such a problem, and recommendations on how to get insurance under these conditions. There must be many insurers who are willing to provide cover.[/QUOTE][/QUOTE]
        Neil NEW direct dial 0208 8509697
        email

        Comment


          #5
          ..thanks for the info..

          Thank you al for the info. My problem is solved. The insurers loss adjuster came along, accepted the claim, put in a request for works to do. He said, it should not affect the sale of the property. I can assign the benefit of the claim to the new owner, and make out a cheque for the excess. The current insurer will carry on insuring the property.

          Comment

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