Why is Subsidence insurance important?
The cost of repairing subsidence can run into tens of thousands of pounds, which will have a significant impact on any property owner's budget. This specialist insurance mitigates the financial impact, enabling you to repair your home promptly and without a substantial initial expense.
You’ll find that most building cover comes with subsidence insurance that will pay out for repairs. If the problem is severe, your insurance provider will initiate a survey to assess the extent of the subsidence and then liaise with you to arrange for professional builders to carry out the necessary repairs.
Do I have to tell my insurance provider about any subsidence?
Because subsidence is regarded as a structural repair, UK insurers require full disclosure of any past subsidence, regardless of when it occurred or whether repairs were completed.
What is underpinned house insurance?
Underpinned house insurance is specifically tailored for properties that have been structurally reinforced due to subsidence. It provides coverage for buildings that have undergone underpinning—a process used to stabilise and strengthen a home’s foundations. Park Insurance brokers can help you find an affordable underpinned house insurance policy if your home has been underpinned.
Stabilise your insurance with Park
At Park Insurance, we’ve spent the last 30 years working closely with the community to provide niche and specialist insurance cover to homeowners and businesses. We know how worrying subsidence can be, so we use our position as preferred brokers to some of the UK’s biggest insurance providers to find you home subsidence insurance that protects your finances and gives you peace of mind. We focus on finding insurance that fits your needs — no unnecessary extras.
To find out more about subsidence insurance for home and business properties, contact us today or use our Get a Quote button for an instant, no-obligation quote right now.