Crosswords1 min ago
Buildings Insurance
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I am currently buying an older property (circa 1920) that has recently had some subsidence work. The work, which consisted of fixing a leaking drain, was diagnosed, completed and certified by the existing owners' insurance company. My surveyor concurs with the opinion that any further movement is highly unlikely. How can I tell what effect this may have on future buildings insurance costs and cover? Will another insurer accept the certification provided? and any other things that may cause problems that I haven't thought of yet?? Thanks
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I suggest you find out which insurance company was involved and approach them. Get a quote from them for the insurance and compare it with what the present owners are now paying. If the insurer won't quote you have a real problem, because it is then less likely that anyone else will - or else you will have to pay a very high premium.
The ABI might be able to give you some advice on other insurers you could approach.
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