Report highlights discrepancies.
Much of the work done to rectify subsidence damage is unnecessary and is inflating claims costs, acc...
Much of the work done to rectify subsidence damage is unnecessary andis inflating claims costs, according to research conducted for the
Association of British Insurers by risk consultants Resolve
International.
The report Insurance Against Subsidence and Heave - A Global Perspective
highlights discrepancies between claims handling in the UK and other
countries, such as Australia, South Africa and the US. The report says the
annual cost of claims - £375m last year - could be halved.
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