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Subsidence is probably every property owner’s nightmare – and for good reason. The problem is not at all easy to spot or diagnose, yet if it is left unattended may go on to cause extensive and expensive damage to any building, including its potential collapse.
The long, hot summer of 2018 has been cited as one reason for a 400% surge in subsidence claims. Plus, a decade of financial austerity has made deep cuts in local authority budgets, meaning urban trees are not pruned as often so allowing thousands them to grow far larger than is desirable, and exacerbating the risk of subsidence.
Fortunately, subsidence insurance is available to safeguard against just such risks.
Why may you need subsidence insurance cover?
You may need subsidence insurance cover, of course, if the property you own is at risk of subsidence.
For many, that might be something of a catch-22 situation:
evidence of subsidence or landslip has been found in the past or the property is located in an area believed to heighten the risk;
therefore, appropriate insurance is sought; but
because there is past evidence of the problem, many insurers refuse to cover the risk (or charge a disproportionately high premium for doing so).
As specialist property insurance providers, with years’ of experience in arranging all kinds of cover, we appreciate the real dilemma for property owners anxious to arrange the protection against subsidence costs they need.
That is why we have identified those insurers prepared to offer cover on those properties which have suffered subsidence in the past and even those on which the foundations have needed to be extensively underpinned as a result.
What does subsidence insurance cover?
The tell-tale signs of subsidence – or its related partner in crime, heave – are difficult to spot and the symptoms may be very similar to many other, far less serious, problems.
If you are worried that heave or landslip may be affecting your property, therefore, you need an insurance policy through which the insurer arranges an expert inspection and evaluation – typically, by a professional property surveyor.
If the property is in a high-risk area and the inspection reveals the possibility of heave or subsidence, you may look to your insurer to offer compensation for any remedial measures to stop the problem developing into anything more serious and causing still more extensive damage.
Cover also extends, of course, to the repair of property damage already caused by heave or subsidence.
In the most extreme cases, remedial measures might involve underpinning the foundations, but this is likely to be the exception rather than the rule and there is a range of steps which might be taken in advance of that radical solution.
That is one of the reasons why our policies extend cover to properties which are in areas known to be vulnerable to subsidence, heave or landslip, or which have already suffered such problems in the past.
Why choose us at UKinsuranceNET?
We make it our business to arrange insurance cover where other providers fear to tread – and that includes bringing the protection of subsidence insurance to property owners up and down the country who might otherwise live in dread of the problem affecting them.
Our dedication to first-rate customer service has helped us to become one of the UK’s leading insurance providers, arranging tens of thousands of insurance policies for customers – nine out of every 10 of whom renew their cover with us year after year.
Read our guide on Subsidence insurance here