Property News · March 4, 2014

Sinkholes: there's good and bad news …


Once a rare occurrence, a recent spate of holes suddenly appearing raises some tricky questions about insuranceSinkholes weren’t something the average householders thought about in the past – and despite a spate of recent occurrences – are very rare. But if the ground does open up and swallow your house, there is good news and bad news: while insurers will usually pay for your property to be repaired, they are unlikely to cough up for any damage to your garden.Sinkholes develop when underground soil and rock are eroded by water or rain and the recent wet weather means that more properties than usual could be in danger. “Damage that a sinkhole causes to your property will be covered by buildings insurance,” says a spokesman for the Association of British Insurers. “Your buildings policy will not cover repairs needed if there is no damage to your home, such as if a sinkhole appears in your garden.” Continue reading…

Source : theguardian.com
Read more…Sinkholes: there’s good and bad news …

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