Insurers in England and Wales are reporting a significant rise in subsidence claims, with Hastings Direct noting a nearly 140% increase in August, attributed to the hottest summer on record. This surge follows five heatwaves and an exceptionally warm spring, leading to concerns about the impact of climate change on property stability.
The British Geological Survey warns that millions of homes are at risk, particularly older properties in vulnerable regions. Insurers anticipate that claims will remain elevated into autumn unless substantial rainfall occurs to restore soil moisture levels.
Homeowners should monitor for subsidence signs, especially in vulnerable areas. Insurers may adjust policies and pricing in response to increased claims. As climate change intensifies, expect ongoing discussions about property resilience and insurance strategies.