IF your home has suffered from subsidence or ground heave then you will need specialist subsidence insurance for your property and this is your brief guide how to get the right cover at the right price.
The first thing you have to do is forget the big TV advertising home insurance companies because in reality they do not deal with subsidence well at all. They are set up for standard home insurance with no claims or history of problems, that way they sell business cheap and cheerful. If these suppliers quote for subsidence then they are likely to exclude it from the policy, which makes it useless in the future if you need a claim, or else stack the price up so high you will need a loan to pay it off.
DonÂt get me wrong, if you have never had a subsidence claim, then standard home insurance will suit you fine. It will also cover subsidence, normally withÂ£1000 excess. It is only when you have had a claim that this insurance normally becomes cost prohibitive or excludes subsidence moving forward.
So what you need are subsidence insurance specialists to quote on your property. They know what has happened and will understand how it has been fixed. They will take into account how long ago the claim happened and years of no claims in-between. In short, they know whatÂs happened and will be able to rate the risk accordingly.
In many cases they will allow that the repairs will make a future subsidence claim very unlikely and will be able to price the policy accordingly. If your property has been underpinned and surrounding trees removed, with no claims for 10-years, chances are you are as safeÂ as a row of houses.
So it is in your interest to speak to these specialists and tell them as much information about your claim as possible and how it was fixed. Leave out no details and allow the specialist insurer to get you the very best price and cover, with minimal excess. A good broker on a historically safe and repaired risk could be quoting prices close to standard home insurance.
You will still need to get one or two quotes so you can compare prices, never buy the first one. The easiest way to do this is to go to www.thepropertyinsurer.co.uk and fill in the quick quote form on the subsidence insurance page Â it should take two minutes tops.
This form is then sent to three of the best subsidence insurance specialists in the UK who will contact you and fight for your business Â helping to drive down the cost of your insurance further.
ThatÂs how you get the best policy and price for subsidence insurance in the UK in 2013.
The Property Insurer