More than 40% of London’s homes could be affected by subsidence by the end of the decade, a report commissioned by London’s mayor, Sadiq Khan, found.
Consequently, home and business owners must consider ways to protect their properties from the perils of subsidence.
Simple steps, such as maintaining proper drainage around properties and monitoring vegetation near building foundations, can significantly reduce the risk of damage. Additionally, property owning insurance policyholders should check their policy for subsidence cover, including the benefits and limitations, for adequate cover.
Contact us today for further guidance and robust insurance solutions to help mitigate the risk of subsidence.
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