Don't allow subsidence to give you that sinking feeling

The Independent - London | June 8, 1996| | Copyright

In 1995 the insurance industry paid out pounds 326m in subsidence claims. This represented almost 45,000 claims averaging over pounds 7,000 each. The Chartered Institute of Loss Adjusters recently predicted a 50 per cent increase in claims on top of last year's threefold growth. "Even a wet summer cannot stop the momentum which is already in place," it said.

Other sectors of the industry are anxious not to create panic among policyholders. This is part of the message in a leaflet on subsidence from the Royal Institute of Chartered Surveyors whose information service will give members of the ...

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