24 August 2017
Last updated at 15:36
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Partner News: Avoid that sinking feeling you've missed a key risk with the new Homecheck Mining and Subsidence Report from Landmark
We are pleased to announce that the new Homecheck Mining and Subsidence Risk Report will be available to order from PSG from the 31st August.
Subsidence (downward movement of the ground) and heave (upward movement of the ground) can be caused by man-made factors (e.g. mining and infilled ground) and natural factors (e.g. landslides and sink holes). The presence of any of these hazards could mean that your property is at risk of structural damage. Different parts of the country will be more prone to these hazards than others.
The newly enhanced desktop report helps you to identify issues relating to subsidence and ground stability in an easy-to-understand and cost effective manner. As well as identifying any natural and man-made hazards in the area, the report identifies insurance claims that are a result of damage casued to nearby properties from subsidence - 'real life' evidence of the potential risk factors highlighted in the report.
This report provides you with a clear professional opionion and next steps and is split into two main sections:
Ground Stability Hazards
The main types of hazards that could affect a property such as former mining, former brine extraction and salt mining, landfill and other infilled land, and natural ground instability hazards.
Subsidence Insurance Claims
Here Landmark provide a risk rating based on the number of valid subsidence insurance claims in the property's postcode. Claims made to the Coal Authority associated with suspected damage to property from coal mining in the area are also included. This brand new feature provides evidence of the actual impact of a risk, thus providing a more complete picture than hazard data alone.
The Homecheck Mining and Subsidence Risk Report is for residential transactions and replaces the Subsidence Risk Certificate. It is available from the 31st August.
Download a sample report here or speak to your local PSG office for more information.
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