IF you want subsidence insurance then this is your guide to getting it at the lowest price possible in the UK.
The first thing you need to answer is why do you want subsidence insurance? If you want it because you fear subsidence in the future but have never had a claim then the path to low cost insurance is very easy for you.
Simply compare all the major brands and home insurance providers in the UK for normal property insurance. House insurance in its standard form does cover subsidence with normally£1000 excess. This is typical and allows the insurers to charge a base risk on subsidence without having to turn it into a specialist policy that they may not be able to deliver due to the high volume, low price focus of their operations. You should try The Property Insurer for a quick price comparison on standard property insurance from the UK’s best providers.
Subsidence insurance becomes more complicated if you have ever had a claim in the past. This is when you do need a specialist provider because getting a reasonable price and excess out of the standard home insurers can be very difficult indeed. They are not set up for specialist insurance provision, which is much smaller in volume than the standard home insurance their businesses are built upon.
A subsidence expert insurer will know all of the intricacies and foibles around any previous claims. They’ll understand the causes and what has been done to fix the problem so it doesn’t happen again. They will even know about the types of fixes and how many historically have failed.
With all this knowledge and by asking you very direct questions, they will pick up a clear picture of the risk and then they can quote against that directly. This all takes a little time and effort from the broker which is why the big standard insurers are not interested, they just want easy, pile it high, sell it cheap standard home insurance.
A good specialist insurer will not penalise you for a past claim if the problem has been comprehensively fixed and future proofed. You will probably pay a little more than a standard policy but that can reflect the extra work and effort that the broker has gone to get you the right cover at the best price.
There’s no point lying to a standard home insurer and not disclosing a subsidence claim in the past, hoping to save money. As soon as you have a claim they will find out and your claim could be refused and you will find it difficult to buy insurance in the future – you’ve been warned.
To buy the lowest cost subsidence insurance from a UK based expert, visit The Property Insurer and you will not be disappointed.
The Property Insurer