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Underpinned bay window - pros and cons please
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I just did an exploratory quote with Home Protect (underwritten by Axa) and I had no issues with the underpinning of the bay window. The result is only a slightly higher premium the without the underpin and even the excesses are not high.
Thought I'd share for anyone else in a similar situation.Started saving January 2011
BOUGHT A HOUSE Aug 2013 - WHOOPIEEEEEEE!:beer:1 -
I can't comment on the insurance aspect but in my opinion structurally it's better to have an underpinned bay than not underpinned.1
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I agree, the work in this case was done 22 years ago.
We have decided to put in an offer on the house but we are going to get a structural survey done. If anything thing nasty comes out of that or we are unable to get insurance then we will walk away.
You will be able to get insurance, although it may have to be through the current owners' property insurer.
They have to contuinue innsuring it, but may well charge extra.0 -
22 years - I don't think insurance is the main problem: M&S (Axa) only ask if subsidence, heave or landslip has occurred within the last 10 years. Therefore, you can legitimately say 'no' to that question and probably get a premium equivalent to those properties that haven't suffered any problems at all.
The problem would be in future resale and reduced offers as many, most, people regard properties that have suffered sub, heave, slip & underpinning as major no-no's.0 -
22 years - I don't think insurance is the main problem: M&S (Axa) only ask if subsidence, heave or landslip has occurred within the last 10 years. Therefore, you can legitimately say 'no' to that question and probably get a premium equivalent to those properties that haven't suffered any problems at all.
The problem would be in future resale and reduced offers as many, most, people regard properties that have suffered sub, heave, slip & underpinning as major no-no's.
We are prepared for the resale problem but that same problem is one of the reasons we have an opportunity to buy the house.
For us this is not an investment, just somewhere to call home and for a good few years yet!Started saving January 2011
BOUGHT A HOUSE Aug 2013 - WHOOPIEEEEEEE!:beer:1
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