Insuring house that has had subsidence

[jonblair123]

My property has some cracks. I am selling it, so a purchasers valuer noted these and recommended a structural report. The structural chap said, there is a drain that has probably caused this. He did not think the problem is getting worse.

I am however worrying about the possibilty that many insurers will decline to insure it! I need some advice from people with experience of such a problem, and recommendations on how to get insurance under these conditions. There must be many insurers who are willing to provide cover.

[jonblair123]

Has the drain been replaced? For a drain to cause structural movement I would expect the drain to have collapsed or become cracked; eg, it may get worse over time even though it seems like it is not getting worse.

As to insurance, you may be OK if you give the insurers the structural report - has worked for me in the past.


Thanks for your comments. The drain has not been repaired or known to have caused blockages. I will however, get it relined (that is the quickest solution). Once that is done, it should leak no more.

[specialist]

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Sadly most insurers will not touch this they will help without any additional fuss or costly reports
Good luck:)




QUOTE=jonblair123;27432]My property has some cracks. I am selling it, so a purchasers valuer noted these and recommended a structural report. The structural chap said, there is a drain that has probably caused this. He did not think the problem is getting worse.

I am however worrying about the possibilty that many insurers will decline to insure it! I need some advice from people with experience of such a problem, and recommendations on how to get insurance under these conditions. There must be many insurers who are willing to provide cover.[/QUOTE]

[specialist]

Sadly most insurers will not touch this But if you ring DeliteInsurance 02083162341 they will help without any additional fuss or costly reports
Good luck:)




QUOTE=jonblair123;27432]My property has some cracks. I am selling it, so a purchasers valuer noted these and recommended a structural report. The structural chap said, there is a drain that has probably caused this. He did not think the problem is getting worse.

I am however worrying about the possibilty that many insurers will decline to insure it! I need some advice from people with experience of such a problem, and recommendations on how to get insurance under these conditions. There must be many insurers who are willing to provide cover.[/QUOTE][/QUOTE]

[jonblair123]

Thank you al for the info. My problem is solved. The insurers loss adjuster came along, accepted the claim, put in a request for works to do. He said, it should not affect the sale of the property. I can assign the benefit of the claim to the new owner, and make out a cheque for the excess. The current insurer will carry on insuring the property.