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Indemnity policy for subsidence
poppy37
Posts: 1 Newbie
Hi
We are in the process of buying a property that has had subsidence back in 2018 due to a tree that had been planted too close to the house (now removed and all has been repaired, no need for underpinning). This week we had a crack checked on the other side of the house which suggests localised subsidence which is potentially easily fixed, due to a climber on the house. The structural engineer suggested we get a indemnity policy to cover us for any problems before we purchase the property. This seems the sensible thing to do but I am struggling to know where to look for such a policy and even to know if they exist. Our solicitor doesn't seem that knowledgeable about it.
Any help would be greatly appreciated.
We are in the process of buying a property that has had subsidence back in 2018 due to a tree that had been planted too close to the house (now removed and all has been repaired, no need for underpinning). This week we had a crack checked on the other side of the house which suggests localised subsidence which is potentially easily fixed, due to a climber on the house. The structural engineer suggested we get a indemnity policy to cover us for any problems before we purchase the property. This seems the sensible thing to do but I am struggling to know where to look for such a policy and even to know if they exist. Our solicitor doesn't seem that knowledgeable about it.
Any help would be greatly appreciated.
0
Comments
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Will a mortgage company be okay lending on the property. Can a future buyer get normal priced insurance? I dont know, asking.“Quis custodiet ipsos custodes?”
Juvenal, The Sixteen Satires0 -
I'd be surprised if an insurance policy would pay out for a pre-existing condition.But these policies are not generally sold direct to the public - your solicitor should arrange this (assuming it's a) possible and b) worthwhile).0
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