Film, Media & TV1 min ago
Buildings Insurance
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
Answers
No best answer has yet been selected by AndyGr. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.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.