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House Insurance Question

Mumha · 2017-02-02 15:06:29

We are about to buy a house which was underpinned last year, under the previous owner's insurance. Our intention is to get a tenant in there for a few months to reclassify it as a rental property, and then we will be extensively modernising to it to rent it at a higher price. It is in an area where there is subsidence,…

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02-02-2017 4:06pm

#1

Mumha

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Join Date: November 2003

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We are about to buy a house which was underpinned last year, under the previous owner's insurance. Our intention is to get a tenant in there for a few months to reclassify it as a rental property, and then we will be extensively modernising to it to rent it at a higher price. It is in an area where there is subsidence, though this house suffered from leaky pipes.

My question is will insurance companies even quote ? I presume we must declare the underpinning, even though it wasn't on our watch ?

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