SUBSIDENCE
Subsidence as understood by an insurance Policy means contraction and expansion of clay base soil on which the property is located. On balance we do not have these type of conditions in Ireland so in essence we do not have subsidence as understood by the Policy.
However, “subsidence” is the generic name given to escape of water from sewer and drain pipes resulting in undermining of foundations. This causes localised movement or cracking and these claims are dealt with under the escape of water peril or contingency.
However, there has been a significant move recently by Insurers to remove this type of cover or to propose increased terms for example, an increase from the €150 Policy “excess” to €10,000. In other words the Policyholder has to pay the first €10,000 of each and every claim. If your house is therefore located in the South side of Cork City and was built prior to 1980, it is essential that it is surveyed immediately and we will carry out this service free of charge.
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Irish Examiner August 2008The following is our response to an article in the Irish Examiner on Policy “excesses” whereupon we endeavored to highlight the problem that will be facing householders in the not too distant future. |
What Our Client Have To Say:
Subsidence Claim
"I wish to thank you for your efficient handling of the insurance claim for the underpinning of my house. I also wish to thank you for your attention to the site, and for informing us in good time of the starting date of the work".
Bishopstown, Cork
Subsidence Claim
"Many thanks Alan for all your work and the successful outcome in this matter. It is very much appreciated on our behalf"
Model Farm Road, Cork
