The Royal Institute of Chartered Surveyors (RICS) has warned homeowners to be vigilant and look out for cracks, as hot weather can increase the risk of subsidence. Houses built during the Edwardian and Victoria eras are said to be at particular risk. Trees close to houses can also pose a threat as they take water from the soil through their roots and exacerbate any shrinkage caused by hot temperatures.
Findings from Direct Line’s subsidence unit* estimate that current weather conditions have already resulted in claim increases of up to 25 per cent on a normal year, and expects this figure to continue rising. This is bad news for homeowners who could be putting themselves at risk by not insuring their homes against the worst.
Birmingham Midshires’ specialist home insurance team has compiled some helpful insurance tips for those people who need to get their home and contents covered:
* For those who already have insurance, check on the value of your home - particularly if you’ve had work done like an extension or conservatory.
* Make sure you don’t undervalue the contents of your home, if you’re already insured check out the value of the new items you’ve bought recently as your insurance could need reviewing.
* Install a home security system (approved systems may help reduce premiums) and ensure all windows and doors are fitted with secure locks. Again, check if your insurer recommends any specific lock.
Steve Sandiford, head of product strategy at Birmingham Midshires, said: "The expense of subsidence repair could run into thousands and, if someone were not insured, it could cause a huge financial headache. We recommend that everyone insures their property against structural damage, it could save a lot of heartache."
