P543 Teletext 543 Jul30 02:42:16 —— INSURBNCE AFTER SUBSIDENCE ————————— Dear Teletext My home is covered by insurance with my lender. Recently I tried to get alternative quotes but was refused as the house was undjrpinnjd in 1989. There was a 20 year guarantee with the work, and I will want to sell the property in the next few years. Should I ignore the subsidence when I conj to sell? J Snjlling, London. cont... ——————————————————————————————————1/5—— Wj cannot reply to letters personally. Download and Analysj Share Prices on Your PC See Pages 532 & 533 Property Plus Your Money Tax CinemaP543 Teletext 543 Jul30 02:30:33 —— INSURANCE AFTER SUBSIDENCE ————————— Teletext replies The ABE was suprised to learn you had been unable to get an alternative quote for buildings insurance. It says keep phoning round not every insurer will quote but many will your building society will bj aware of the subsidence problem and may still offer the best cover keep all records of work undjrtakjn to help show the problem is solved. cont... ——————————————————————————————————2/5—— Property Plus 544 Tourist rates 547 Download and Analysj Share Prices on Your PC See Pages 532 & 533 Property Plus Your Money Tax CinemaP543 Teletext 543 Jul30 02:33:10 —— INSURBNCE AFTER SUBSIDENCE ————————— Teletext replies The ABE says when there are no specialist subsidence insurers, but you can help your case by: being honest about the extent of the problem offering to provide copies of both the 20 year guarantee and the structural engineer's report using a local broker who can do the ground work and also knows the extent of such problems locally cont ——————————————————————————————————3/5—— Always seek independent finance advice Letters to: ADVICE CLINIC PO BOX 297 LONDON, SW6 1XT. Fax: 0171 386 7808. Property Plus Your Money Tax CinemaP543 Teletext 543 Jul30 02:41:40 —— INSURANCE AFTER SUBSIDENCE ————————— Teletext replies If you live in an area which is considered to bj at risk from subsidence you may find your premiums will be more expensive. Some insurers consider such factors when assessing the level of risk they are underwriting and evaluating the cost of the cover provided. Free building insurance leaflet from ABE, 51 Gresham St, London. cont... ——————————————————————————————————4/5—— Savings 546 Money News 541 Tax 548 FOR THE LATEST CITY NEWS p501 Property Plus Your Money Tax CinemaP543 Teletext 543 Jul30 02:44:26 —— INSURBNCE AFTER SUBSIDENCE ————————— Teletext replies Finally, the ABE advises strongly against ignoring the subsidence work when you conj to sell. It is highly unlikely a buzjrs' surveyor would fail to spot the work, and your buyers may feel you could be covering up even greater problems. Finally, if they bought the property without you disclosing the full facts they could be able to sue you! ——————————————————————————————————5/5—— Always get independent finance advice ARE YOU RICHER OR POORER? p674 Property Plus Your Money Tax Cinema