home insurance

Last post Fri, Mar 30 2012, 5:39 PM by tigersfan. 2 replies.
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  •  Fri, Mar 30 2012, 5:39 PM

    Re: home insurance

    Thanks, I will have a dig around and see what they come up with. Muchly appreciated :-D

    • Post Points: 5
  •  Fri, Mar 30 2012, 3:59 PM

    Re: home insurance

    Yes you will have to disclose this and see if companies are willing to quote. Some will ask to see the claims information and an up to date surveyors report to see whether they will Insure or not. Others will decline to quote. Some will quote and arrange Insurance on the basis of the information you declare. Be aware that Insurers will exclude pre existing damage and in the event of a subsidence issue affecting the house, if Insurers find any relationship to the previous damage, they won't accept a claim. For this reason, some people choose to have a continuous policy with the Insurers that dealt with the claim and accept the increased premium. See if the existing Insurers will quote you a better premium. I have known people to find another policy with the same Insurance underwriter at a cheaper premium and then negotiate a reduction.

    If you want to shop around, It is worth speaking to a few companies. Legal & General are a little more relaxed than some. Bureau Insurance Services and Home Protect are specialist brokers. Other brokers such as Adrian Flux have particular policies available.

    • Post Points: 20
  •  Fri, Mar 30 2012, 3:15 PM

    home insurance

    Hi, we had an issue with subsidence about 7 years ago, where the house we are in sank down about a cm due to the 2 trees in the garden sucking moisture out of the clay under the house. The ins co sent a guy round who told us it was no big issue, just fill the cracks with caulk filler, cut down the trees, wait a year to see if there are any changes and hey presto!

    Now, 7 years on, we have had no further issues at all, the problem is gone, and the ins co paid £500 for redecorating, but nothing on the subsidence issue as it was "trivial"

    What I'd like to know, is do we still have to mention this when applying for insurance, as our house insurance premiums have gone through the roof year on year ever since, as they know we can't go elsewhere... or can we? any useful advice would be appreciated.

    Kind regards, Mike.

    • Post Points: 20