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Insurance for property that had subsidence 20 years ago - certificate of structural adequacy
bigjimmi
Posts: 2 Newbie
Hi all,
A year ago I moved into a property that suffered a one off bout of subsidence 20 years ago due to soil slippage / trees. I'm renewing my insurance but most insurance companies ask for a certificate of structural adequacy which the previous owners told me they never got (they didn't know what it was). They did however get a Certificate of repair following a period of monitoring - is this the same thing? Is it possible to retroactively get a certificate of structural adequacy? I have tonnes of paperwork relating to the original issue, the survey, drain checks, tree checks and repairs etc.
I've got a broker who can get me insurance but it appears to be much cheaper if I can get this certificate.
Does anyone have any experience of this?
Thanks in advance!
A year ago I moved into a property that suffered a one off bout of subsidence 20 years ago due to soil slippage / trees. I'm renewing my insurance but most insurance companies ask for a certificate of structural adequacy which the previous owners told me they never got (they didn't know what it was). They did however get a Certificate of repair following a period of monitoring - is this the same thing? Is it possible to retroactively get a certificate of structural adequacy? I have tonnes of paperwork relating to the original issue, the survey, drain checks, tree checks and repairs etc.
I've got a broker who can get me insurance but it appears to be much cheaper if I can get this certificate.
Does anyone have any experience of this?
Thanks in advance!
0
Comments
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I believe there are insurers who will insure on normal terms (with no need for any certificates), if the subsidence was 20 years ago.
For example, any company brand in the Lloyds bank group (Lloyds Bank, Bank of Scotland, Halifax) say they'll insure on normal terms, as long as any subsidence damage has been repaired, and there's no further monitoring required. Maybe get a quote online, then phone them or webchat with them to make sure:
Last time I looked, Legal and General and AXA would also cover 20 year old subsidence on normal terms (with no certificates). But go through their online quote process to check, and phone or webchat to make sure.
I doubt that Lloyds bank offer insurance through brokers. I don't know about Legal & General and AXA.
Edit to add...
A few years ago I was helping somebody sort out insurance on a property with 15 year old repaired subsidence - with no paperwork whatsoever (no certificates, no details of original insurance claim etc)...- The best that a broker could offer was £2000 premium, with a £5000 subsidence excess
- Going direct to Legal and General (and declaring all the details) got a normal premium of £350, with a normal £1000 subsidence excess
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IIRC L&G is 15+ years ago.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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