Subsidence insurance claims

[veryconfused8888]

My house has some subsidence and the insurance company sent out a firm to fix the leaking drains just over a year ago which had caused the damage. Since then I have tried and failed to find a building firm to do the building repairs. (one company cancelled twice at the very last minute and others say a quote will come but nothing arrives). Last week I phoned a builder who came out a year ago and then sent no quote to see if he had sent a quote which had gone astray and this turned out to be what had happened. He sent his quote from last year and it was for £1500 for the subsidence work. The insurance company charges £1000 excess so I called them about making a claim and emailed the quote to them. The quote was dated a year ago and the insurance company said to get the builder to send me a recent quote so he is coming here on Monday to see what needs doing again, then I will send his new quote to the insurance company. (I also need some other work doing which isn't covered by the insurance and which I will pay for myself). However, even if the insurance company do agree to support my claim, I am wondering if my premiums will rise so much afterwards that it might be best to pay the builders the full £1500 myself and not claim on the insurance? But if the insurance do cover my claim then this would be back up incase of any later problems with the repair work. I really do not know what to do.

 

[freddiemercurystwin]

If you've already had a subsidence claim surely your premium has rocketed already?

 

[veryconfused8888]

I have only claimed for the drain repair up till now, not for the subsidence. This hasn't affected my premium

 

[Doggit]

Ask you're insurers, then decide. You may find the premiums rise by £100 a year, or they may go up but £200. Best to cost out your options first.

 

[veryconfused8888]

I will ask when I send them the latest quote this coming week. It may work out cheaper in the long term to pay for the repair work myself.