Home insurance refusal - paranoia or reasonable fear?

elgp168

I'd be grateful for any help.
I bought my house 2 years ago and got home insurance through the mortgage company. Unfortunately I didn't read the small print and didn't declare that a v small 3x1m extension to the living room showed some signs of subsidence on the survey. Not deliberate but it was all quite rushed /busy etc although I am of course still responsible.
My fear is that I now would not be covered if proper house bending subsidence did occur and I'm left in a quandry whether to infrom my current insurers (and risk refusal and a catastrophic chain of events whereby they then withdraw my mortgage etc) or try an alternative insurer (and the fear a refusal would get back to my original insurer with a similar chain of events). I may be catastrophising but I am keen to get proper subsidence cover as in an at risk area.
Any thoughts?
Thanks.

InsideInsurance

Did it say how long ago the subsidence was? Do you know if a claim was ever made for it?

Generally you are very limited for a property with subsidence in the last 25 years. There are a few specialist policies but they come with specialist prices and very high excesses for subsidence claims. Likewise you normally will be able to get continued cover from the insurer that handled the claim for the subsidence if one was actually made

elgp168

There was no info about when it occured, but I'm sure no claim was ever made.
Thanks.

dacouch

Was the subsidence mentioned on the mortgage companies valuation?

elgp168

Yes it was, the survey that was done was for the mortgage company (the same company that I'm insured through) and that's when it came to light. Now that you ask I can't even remember if I had to fill out a separate form for the insurance when it was taken out.

j-hannah

Always declare
I have come home to a letter from my insurance company saying that my policy has been revoked because of an undeclared claim.... begger the fact that I NEVER made a claim, I rang up and asked a question about a crack and my old insurer (6 years ago) sent out an uninvited surveyor.
I have been fully insured since but now all of a sudden this was an undeclared claim
I'm stuffed, and now having to go through the ombudsman process. They have made me feel like a criminal