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Insurance and Subsidence
brentcloning
Posts: 34 Forumite
So I recently bought a house and noticed something today on the Valuation Survey.
When I bought my home insurance, the insurance asked about subsidence (I think the question was "Has the property ever suffered from subsidence or ground movement?"). I selected 'No' as on my Level 3 Building Survey it wasn't mentioned once in 75 pages.
However, today I checked the lendor's valuation survey and one of their points was "signs of historic subsidence but seems to have settled as no recent movement" (paraphrased).
My question is, should I have ticked "Yes" on the home insurance even though the much more indepth survey didn't mention it at all?
When I bought my home insurance, the insurance asked about subsidence (I think the question was "Has the property ever suffered from subsidence or ground movement?"). I selected 'No' as on my Level 3 Building Survey it wasn't mentioned once in 75 pages.
However, today I checked the lendor's valuation survey and one of their points was "signs of historic subsidence but seems to have settled as no recent movement" (paraphrased).
My question is, should I have ticked "Yes" on the home insurance even though the much more indepth survey didn't mention it at all?
0
Comments
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I'd be happy with doing so. Lender's valuations tend to be minimal effort, maximum backside-covering.0
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Thanks for that, I'll just leave it as it is then.0
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