Property subsidence shows insurance importance

Insurance firms are expecting a stark rise in the number of subsidence claims made this year as a result of the heat wave that struck the UK.

The abnormally hot and dry conditions have had a big impact on the foundations of many houses and home owners are being warned to look out for early signs.

Barclays Insurance claims that many people could stand to lose thousands of pounds if they are not properly covered and do not take action to fix a subsidence problem early on.

“Whilst some areas of the country, such as the south are more prone to subsidence than others, the unusually hot weather will mean that more houses across the whole country could be affected,” says Mark Till, marketing director at Barclays Insurance.

“Last year we saw a sudden peak in subsidence notifications around August and September time and we predict that this figure could be even higher this year given the unusually dry year we have experienced.”

Subsidence usually occurs as a result of dry soil beneath a house which cannot hold as much weight as when it is moist.

This summer has been particularly dry and fears are growing that many people may not be aware of the problem.

“There are some things that homeowners can do to try and minimise the risk of subsidence such as pruning trees that are close to the house and regularly clearing gutters and drains,” says Mr Till.

“Most importantly, check the details of your insurance cover,” he adds.