Home insurance warning over subsidence

Homeowners have been warned to ensure that they have sufficient home insurance to deal with subsidence, should it occur.

The British Insurance Brokers' Association claimed that the hot, dry summer could heighten the risk of subsidence, possibly raising a home insurance risk in many homes.

Furthermore, last winter was one of the driest ever recorded, which doubles the risk of subsidence, meaning that Britons should check that their home insurance policies offer sufficient cover for buildings protection, said the British Insurance Brokers' Association.

Graeme Trudgill, technical services manager at the organisation, commented: Our advice is very simple – check your policy immediately. Too many people will be left high and dry because of subsidence caused by the extraordinarily hot and dry summer.

It is simply not worth the risk and we urge everyone to speak to their broker to ensure they have enough insurance to cover such an eventuality.

Last week, financial services provider American Express urged UK homeowners to contact their home insurance provider immediately if they are concerned about the risk of subsidence.