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Insuring a house near a small brook.
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Have you asked current owner who they are insured with?0
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I'm sure it did previously under CML. 6.14.2 listed the requirements. Standard terms, excess of no more than £1,000 for subsidence, heave & landslip and one or two others I'm struggling to recall.user1977 said:
Though if buying with a mortgage, I would guess any lender would expect the cover to include flooding (curiously the Lenders' Handbook just refers to "buildings insurance" and doesn't specify a standard set of risks).FreeBear said:The alternative is to look for insurance that doesn't have cover for flood damage - Pretty sure there are policies available with that exclusion.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 -
THanks for the replies. The present owner pays over £1000 for insurance, I tried Axa who would not insure it. I tried Direct
line £1200. I tried Sainsburys £330 but when you add the flood risk £1700. The property has never flooded but predicted to suffer from flash flooding in the future. As someone said the problem is getting a human to quote and not a robot computer.
I will try Astrolark and Adrian FLux. Thanks for all the replies.0
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