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sleepymans wrote:Its likely that your insurers will happily insure the house ----but exclude future claims for subsidence, settlement, heave or slip.
And there you go - its your risk if it ever recurs.
Only you can decide if its worth that risk to you.
Just to add to sleepymans comment above, if you can't get the house insured against subsidence, I think you'll find it difficult to get a mortgage!
Sorry to be so negative, I know how it feels, I was in your position not so long back!!
Dave0 -
If you are getting a mortgage then your lender won't be happy with an unsatisfactory situation and may not be prepared to go ahead with the mortgage loan if the insurance won't cover subsidence - this would make the house unmortgageable. So even if you wanted to go ahead you may not be able to do so.
Your solicitor will be able to explain all this to you.
As a conveyancing solicitor I believe the information given in the post to be useful but I accept no liability except to fee-paying clients.RICHARD WEBSTER
As a retired conveyancing solicitor I believe the information given in the post to be useful assuming any properties concerned are in England/Wales but I accept no liability for it.0
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