Sep
8

51% of homeowners do not know the signs of subsidence

Insurance company LV = General Insurance  has found that 51% of homeowners do not know the signs of subsidence. Their research found that 71% of people knew that large cracks were a sign, but only 25% knew that tears in wallpaper (with no sign of damp) were a sign.

The research also looked at what homeowners did when they spotted signs of subsidence and found that whilst 51% would phone their insurer, 26% didn't do anything at all, and only 22% would instruct a building surveyor to carry out an inspection.

Interestingly, 53% of homeowners do not know if subsidence damage would even be covered by their buildings insurance policy.

Read the article from Property Week here.