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Subsidence

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Comments

  • Anglea
    Anglea Posts: 7,209 Forumite
    Part of the Furniture 1,000 Posts Photogenic
    Slinky wrote: »
    Yes unfortunately the property will probably still carry a subsidence marker even if the garage is demolished.

    It does get easier to insure properties as time goes by. We've just bought one where the single storey extension was underpinned 27 years ago and have got just the normal £1K excess for subsidence because it was over 25 years.

    Try speaking to a broker. We have cover with Vasek.

    Thanks for that name, I'm going to contact them next week. I've been to various brokers and no one they tried for me were interested.
  • Tom99
    Tom99 Posts: 5,371 Forumite
    1,000 Posts Second Anniversary
    Anglea wrote: »
    Thanks for that name, I'm going to contact them next week. I've been to various brokers and no one they tried for me were interested.

    [FONT=Verdana, sans-serif]Get the name of the current insurer and ask them. I believe insurance co's have a general understanding to offer cover to a person buying a property like this.[/FONT]
    [FONT=Verdana, sans-serif]Also ask the vendors to confirm they have subsidence cover and what the excess is.[/FONT]
  • Slinky
    Slinky Posts: 11,521 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Anglea wrote: »
    Thanks for that name, I'm going to contact them next week. I've been to various brokers and no one they tried for me were interested.

    My insurance with Vasek was arranged by James & Lindsay in Colchester.
    Make £2026 in 2026
    Prolific £156.37, TCB £8.24, Everup £12.17
    Total £176.78 8.7%

    Make £2025 in 2025  Total £2241.23/£2025 110.7%
    Prolific £1062.50, Octopoints £6.64, TCB £492.05, Tesco Clubcard challenges £89.90, Misc Sales £321, Airtime £70, Shopmium £53.06, Everup £106.08, Zopa CB £30, Misc survey £10

    Make £2024 in 2024 Total £1410/£2024 70%
    Make £2023 in 2023 Total: £2606.33/£2023 128.8%






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