Can you insure a property with a history of subsidence?
Discover how to insure a property with a history of subsidence
This varies from insurer to insurer, but at Total Landlord, we will cover properties with subsidence issues.
However, like any insurer, we will need all the information relating to the problem so that we can price it into our cover.
Total Landlord have been protecting landlords’ properties since 1996.
Our award winning landlord insurance offers high quality buy to let cover at a great price.
Get a quote online today or call the team on 0800 634 3880.
We’ve mentioned that the average claim amount over the last five years is currently £10,075, with the highest claim during that period being for £76,595.
Our largest subsidence claim ever – the eyewatering £348,703 – dated back to 2009 so is not included in these figures.
This illustrates how complicated the claims process can be for subsidence claims and how long it can take.
The reason this claim was so high is that the only way to deal with the issue was to knock the property down, redo the entire foundations and start the rebuild from scratch.
Watch this video with Steve Barnes, Head of Broking at Total Landlord, who explains some of the main causes of subsidence, what to do if you spot it, how you can prevent it and how insurance can help should you be affected.
