Underpinned property insurance

Insurance cover for underpinned properties

Towergate Connect is able to provide underpinned insurance for homes or properties that have suffered subsidence and have subsequently been underpinned.

This type of underpinned property insurance is specially designed to eliminate the difficulties of arranging cover for properties that have been previously underpinned, which can cause problems when trying to sell it.

Our underpinned property insurance is designed with you in mind. We understand that selling a property that has suffered subsidence can be problematic, which is why we're happy to transfer your insurance cover to the new home owner. This often results in a smoother sale, as most mortgage providers require specialist underpinned property insurance to be in place before the sale is completed.

Key features of our underpinned property insurance

• Cover for properties that have already suffered subsidence
• Includes subsidence, landslip and heave
• The policy can be transferred to a new purchaser between exchange of contracts and completion
• Cover if you want to let out your underpinned property or if it is your second home
• Complimentary 10% increase cover over Christmas period and weddings
• We will cover your property if it is listed

Main exclusions

• Properties with ongoing subsidence problems (we only cover once resolved and work on the property has been completed)
• Unoccupied underpinned properties
• Storm damage to fences, gates or hedges
• Damage caused by wear and tear and depreciation
• Loss or damage occurring while home is let or sublet, unless involuntary forcible and violent entry to or exit from the home
• The first £250 for escape of water claims, £1,000 for subsidence/heave/landslip claims and £50 for all other claims