Future Climate Info, the environmental risk analyst, has introduced a subsidence risk rating to its environmental reports for conveyancers and solicitors.
This was made possible after FCI partnered with Property Assure who specialise in subsidence risk assessments.
The risk rating analyses and determines the level of threat that subsidence poses at a specific postcode based on subsidence insurance claims data from Property Assure.
The risk rating will provide a breakdown of risk ranging from low, medium, high and very high and advices the course of action should any be required.
The British Geological Survey estimates that one in five UK homes are now at risk of being affected by shrink or swell subsidence.
Geoff Offen, managing director of FCI, said: “Our customers can rest assured that their clients are covered with us against this growing risk and can continue to enjoy better value at no extra cost.”
Andy Lucas, managing director of Property Assure, said: “On average, subsidence affects as many properties in the UK on an annual basis as flood and can result in a similar number of insurance claims each year.
“We’re pleased to be working with Future Climate Info to help provide users the tools they need.”
It will be available on both standard and premium FCI environmental reports at no additional cost.