AROUND one in every four properties could suffer some form of subsidence or ground heave in the UK, so making sure you have good subsidence insurance is an important part of protecting your most important financial asset.
If you have never suffered subsidence then you should simply check your standard home insurance covers you for this sort of claim. In most cases your home insurance will cover you for subsidence but charge a high excess of Â£1000 or more if you make a claim.
But be wary of price comparison bought property insurance as this may exclude subsidence automatically. To get the very cheapest price, the insurers load price comparison sites with very basic policies to get the very lowest prices. So check the small print if you have bought a very low price policy through these sites, because these can be very expensive claims and are one of the key reasons you have insurance in the first place. It is not uncommon for risks such as subsidence or flood to be excluded in the small print.
As long as you are covered, and can afford the excess, then you can rest easy.
If you have suffered subsidence or heave in the past then you will need specialist subsidence insurance. The same applies if you have had the property underpinned at any time in the past.
Speak with a specialist subsidence insurer and they will understand the issues that you have faced and what it means for the risk to the property moving forward. That means they are in the best place to rate the risk and charge you a fair price for insurance that you do actually need and if you ever have a problem or claim, can rely on it.
DonÂt think that buying specialist subsidence insurance is going to cost you more. If the claim or incident was more than five years ago there is a good chance your insurance will cost about the same as any other standard policy. And the expert subsidence insurance provider will provide the best price they can because they want your business as well.
To get three of the best subsidence insurers in the UK competing for your insurance policy, simply visit www.thepropertyinsurer.co.uk and click on the subsidence insurance button. It takes less than two minutes to fill in the form and then you will be able to compare prices from up to three expert brokers who will contact you.
The Property Insurer