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To repair or not?

2»

Comments

  • Elvis girl,

    I think honesty is the best policy in this situation as my insurers are aware of the history and even if a surveyor missed the cracks it would come to light when the solicitor commenced the searches or when the new buyer tried to get insurance.

    At this point the sale would fall through.
  • Sorry I thought that when you said you hadn't gone through your insurers, so I didn't think they would be aware of the problem.
  • myhooose
    myhooose Posts: 271 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    To be honest I wish I hadn't gone through the insurers. I think they do the bare minimum they can get away with.
  • cattie
    cattie Posts: 8,841 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    If you have gone through your insurers with this structural problem then I think you'll find they actually have to continue to insure it when you sell the house. I've got an idea it's to do with some kind of regulation or code within the insurance industry.

    Usually after a structural problem, no other insurer will want to touch it, so it's important to check with your insurers that they will asign the policy to a new owner.
    The bigger the bargain, the better I feel.

    I should mention that there's only one of me, don't confuse me with others of the same name.
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