IF you need subsidence insurance then you will already know that it can be difficult to buy at a realistic price. This is your guide how to easily get cover at the best price possible.
You will only need subsidence insurance if you have suffered from subsidence or ground heave in the past. You will most probably have made a prior claim on your insurance policy that ran into tens of thousands of pounds to get it fixed. This is on your history and you must disclose it to insurers. If you don’t then you could be refused insurance if you make a claim – because they will investigate and find out, simple as that.
If you have never suffered or made a claim for subsidence then you do not need this specialist policy. Instead, you can buy standard home insurance and in most cases it will cover subsidence with a £1000 excess. That sounds high but is actually pretty good value given the high cost of putting subsidence right.
To get competitively priced standard home insurance compare a couple of brokers or price comparison websites – I recommend The Property Insurer, it compares expert providers and delivers low prices.
So, back to those of you who need subsidence insurance. You need to have the details of the problem, how it was fixed and the cost of the claim alongside everything else you need to know for a normal house insurance quote (rebuild value, number of rooms, percentage flat roof etc).
Now go to The Property Insurer and click on the Subsidence Insurance button and read the advice there. Then click on the get a quote button.
This puts you in touch with three specialist providers who’s main business is providing subsidence insurance. They know their onions. They will understand what has happened to your property and what has been done to fix it. They will know what chances there are of a problem arising in the future statistically and will be able to quote you a price for comprehensive insurance that is realistic rather than sensational.
That doesn’t mean the price will be as low as standard home insurance – that is unlikely. It does mean though, that it has a chance of being that low and the excess will be reasonably priced as well – rather than thousands and thousands of pounds as some of the big brand insurers would foist on to you.
In short, this is the easiest way to get subsidence insurance at a realistic and not inflated price.
The Property Insurer