Buildings insurance /subsidence/brokers ..again!

[intexasatthe moment]

We live in a house divided into 2 ,subsidence work carried out in past .

Each flat has a 50% share of the freehold so we are freeholders and leaseholders .

When we bought the property over 20 years ago our mortgage company were keen that there should be continuity of insurance cover so we accepted the current policy .This has always been charged via a brokers .

The cost is incredibly high -over ?800 for our flat alone .

My attempts to find cheaper quotes have never been sucessful because of the subsidence.

I can't see the point of our brokers .In answer to my request to see copies of alternative quotes they replied

"All of our renewals once they are received, if higher than the standard increase due to index linking and insurer rates will be taken to market. If a policy also has not been taken to market in the last 3 years, it is also standard protocol to do so to ensure premium remains competitive"

I've no idea what what an insurer rate is nor whether the policy was overpriced back a million years ago .

What should I do ? I certainly dont see the point of the brokers or feel that they are getting us a good deal ?

[Drxyster]

I am in a similar situation. Victorian property built around 1860, three flats, underpinned in 1992. I now have structural survey to send to brokers. Cost about ?400.00 but well worth the expense

I have tried a number of brokers in the last few days and this broker has offered the lowest quote so far.

Adrian Flux 0800 369 8590. Suggest giving them a call