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Subsidence cover - HELP!
wrenlegs
Posts: 300 Forumite
I posted this in the Home Insurance thread but I think it got lost:
There was subsidence 20 years before we bought the house (so over 28 years ago) - house was underpinned (due to tree roots - said tree was uprooted). We werent aware of this when we bought the house and when we did discover it, the vendor denied all knowledge (he was selling on the property as the inheritance from his deceased aunt). When I tried to find cheaper house insurance all searches came back saying unquotable due to the subsidence. Anyone know of any companies which will quote us having had subsidence? Its making me worry that our current insurance has not taken onboard the previous subsidence (we did tell them - it was an over the phone renewal and the bloke said it had been taken into account). Any advice welcome
There was subsidence 20 years before we bought the house (so over 28 years ago) - house was underpinned (due to tree roots - said tree was uprooted). We werent aware of this when we bought the house and when we did discover it, the vendor denied all knowledge (he was selling on the property as the inheritance from his deceased aunt). When I tried to find cheaper house insurance all searches came back saying unquotable due to the subsidence. Anyone know of any companies which will quote us having had subsidence? Its making me worry that our current insurance has not taken onboard the previous subsidence (we did tell them - it was an over the phone renewal and the bloke said it had been taken into account). Any advice welcome
:money: Saving money, saving the environment and saving space (aka decluttering) - my motto this year!
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Comments
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If the 'bloke' on the phone said it had been taken into account read your Insurance Policy it will either be on there or not ..............0
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Try Legal and General0
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Towergate offers cover for previously underpinned properties, including cover for subsidence, heave and landslip.
http://www.towergatehomeandprotect.co.uk/products/underpinned-home-insurance.aspx
Webpage given for information only. Contact an independent intermediary for a full analysis of the market for this type of cover.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Some companies are only interested in subsidence within a certain number of years. Others want to know about anything that has ever occurred.
If you are getting quotes online, check the assumptions questions.
You might need to contact insurers directly and advise them of the circumstances to obtain a quote.
As regards to your current insurer, if you have disclosed this issue and they have agreed to cover then you should not have a problem (but for the future it's always worth noting the time/date of any conversations and the full name of who you have spoken to.0 -
Thanks to everyone who has posted. My hear was in my mouth checking this - I didnt sleep last night thinking my house was now unsellable *sob* I will check my own insurance first and then approach the recommended insurers. Seriously, thanks everyone :beer::money: Saving money, saving the environment and saving space (aka decluttering) - my motto this year!0
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