DIYbanter - View Single Post

wrote:

Do realise that house insurance is optional. Of course its desirable,
but I would not assume that it was automatically essential.

It's only optional if you're a cash buyer - for most of us mere mortals
who need a mortgage, you can bet your life it will be a precondition of
the loan that buildings insurance is taken out. Your solicitors has to
confirm to the lender that they have seen evidence of insurance before
the funds are released...

Any property in sound structural condition can be insured if you take
insurance that specifically excludes subsidence. There are specialist
insurers that take on these kind of risks.

....and a policy which excludes subsidence is never going to cut the
mustard as far as a lender is concerned.

David