Subsidence needn't leave you in a hole If your walls are cracking, roof slipping and floors tipping up at the edges, don't panic. There are still insurers and buyers who will talk to you, says Jenny Knight

The Sunday Telegraph London | January 18, 2004| | Copyright

INSURANCE claims for subsidence are expected to rise in the wake of last year's wet winter followed by an exceptionally dry summer.

The word "subsidence" strikes terror into the hearts of householders and insurers alike, but the evidence suggests that panic can be overdone.

In a bad housing market, the fact that a house has been underpinned or has a history of subsidence can be used to knock thousands off the price. But when the market is booming it makes no difference to the selling price, estate agents say.

"The lesson is, if your house has a history of subsidence, sell it during a boom," ...

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