House Insurance Japanese Knotweed
Most house insurance policies will not cover losses incurred as a result of japanese knotweed.
House insurance japanese knotweed. Am i covered for damage caused by japanese knotweed. Does house insurance cover japanese knotweed. This is because the knotweed is an unacceptable risk to lenders. Knotweed if left untreated can cause significant damage to property.
Most recently a property in woolston park in cheshire claimed a potential 30 000 loss due to the presence of knotweed. Failure to deal with the issue could land you with a heavy fine. Although it s possible to buy japanese knotweed specific insurance for your home you will not be able to do this if you are already aware that the plant is present on the property. Though you don t necessarily need to tell your insurer if you have japanese knotweed unless asked you are obliged to do everything you can to prevent any damage to your home.
It s taken many years for the insurance market to wake up to the problem of japanese knotweed. In the event of a claim. Most buildings insurance policies don t cover damage caused by japanese knotweed. So if you know you have japanese knotweed and don t take immediate action an insurance provider could say that any damage caused is due to your own negligence and failure to act.
Does house insurance cover japanese knotweed. While it is not a legal offense for japanese knotweed to be present on your own property if this spreads into your neighbours land then you will be held responsible for this. The presence of japanese knotweed on a property does not need to be a deal breaker as it can be successfully removed using the right techniques. Instead a licenced waste.
If you are looking for buildings insurance for a property with japanese knotweed you need to be cautious about the extent of the plant growth and whether it has caused or is causing damage to the property. However it s possible that your insurance company will want to know more. When japanese knotweed is identified on a property a mortgage provider will often refuse to lend if a management plan is not in place. Japanese knotweed is classed as controlled waste meaning that it cannot simply be chucked in with other garden waste or thrown in the dustbin.
Most policies won t cover you for damage that happens gradually over a period of time. They may need additional information such as how long japanese knotweed has been present whether it is on your land or your neighbours how far it is from the house and. Having japanese knotweed on your land also might prompt other questions such as how it could affect your premiums and if your insurance might cover the legal costs of a japanese knotweed claim made against you. However there are some exceptions to this rule such as if the plant has caused subsidence or if it has spread from a neighbouring property.
Unfortunately in most cases it s unlikely that a claim for damage caused by japanese knotweed would be covered under a home insurance policy. A few years ago you couldn t get any cover for japanese knotweed the risk remaining fair and square with the property owner to pay for the costs of treatment for any claims made against them from aggrieved neighbours being the victims of encroachment and for repairs to damage caused to property. It s unlikely that you ll be refused home insurance because of a japanese knotweed problem. The presence of the knotweed should not however affect your premiums.
You need to take advice as to whether or not is is a requirement to disclose the existence of the plant to your insurer unless specifically asked but you are under an obligation to do everything you can to prevent damage to your property caused by the plant.
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