This can been an extension of the propertty footprint or a vertical extension/conversion e.g. The most common root cause of a property having a percentage of the roof being classed as flat. These roofs tend to be commonly found on extensions to existing properties but can also be the main property covering. Whilst there is no definite method to calculate the exact percentage your roof is flat, generally, the ‘insurance flat roof percentage’ of is any roof with a pitch or slope less than 10°. What is a flat roof for insurance purposes As our poor climate means that we are no strangers to rainy weather, a large downpour of rain or snow can cause water to pond and weaken the flat roof due to its inability to drain the stagnating water.
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We hope that this article has provided genuine help and insight for you and if you need help choosing insurance policies then please be sure to contact us free on 08, via our website HERE or even via webcam! Just click allow in the Java box below and you will be talking to one of our qualified mortgage advisers in a matter of seconds.Flat roof properties are deemed a higher insurance risk, for two primary reasons they offer an easier route of access during burglaries and can be the cause of internal water damage to a property. So make sure that you compare the market and know entirely all of the ins and outs of all any insurance that you plan on taking out.
Many of these types of products come with many various different types of exclusions and T&C’s. Mortgage payment protection - Will help to cover your monthly repayments if you can’t work because of accident or illness.
Be careful as this type of cover will not cover any of the contents that reside within your home, only the property. It will not however cover any problems that you have with your property.īuildings – Buildings insurance as the name suggests will cover the costs for any maintenance and repairs for that of the property and building itself. Depending on the specific insurance product that you purchase this can include such items as the cooker, microwave, bed and many more household items. This type of survey however will not give you an evaluation of the value of your property so a separate valuation will still need to be undertaken in addition to this building survey.Ĭontents – This type of insurance will help to take care of all of the belongings that you currently have within the property. It may also be very helpful if your property has had any ‘modifications’ in the past such as extensions, renovations and loft conversions. This will check the entire property for both major and minor faults it will also give details and estimates on any costs for repairs. This survey is great for houses that are ‘unusually’ designed, old and listed.
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This is a complete and all-inclusive survey that will give you a full and detailed evaluation of the buildings structural integrety, it is also known as a ‘building survey’. Another benefit from using this type of insurance is that it does provide an estimated valuation of your property. This report checks only for major faults and does not identify any minor issues it will however still estimate the cost that may be incurred whilst fixing these major faults. On the other hand, if you are buying a new build property, then a full building survey may not be needed as the property will have a 10 year guarantee and a National House Building Council certificate.Ī homebuyers report is a survey used for a house that is in ‘reasonable’ condition and up to 150 years old. Secondly, you may not want to purchase the property if major problems are found as this may involve taking the extra time and money to fix these. Firstly, if faults with the property are found then you can use this as leverage to renegotiate a lower price for your new home. So why should you bother with other surveys and insurances for your home? Some surveys include this and others do not. A valuation is a necessary process in purchasing a house usually your lender will arrange to have a basic one done for you.
Explaining what they are and why you may need them. We have decided this week to discuss and explain a little about surveys and insurances.
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