Cash insurance settlements TC3


Cash Insurance Settlements – Foundation, Deep Pile Solutions

The Property Law Committee of the Canterbury Westland branch of the Law Society has issued the following notice:
Notice to Practitioners – Insurance Settlements where deep pile solutions are required.  (TC3, heavy builds etc)
All caution must be taken where clients are proceeding with cash settlements with insurers where deep pile solutions are involved in repairs and/or rebuilds.  Note some of these solutions have the potential to cause significant damage to neighbouring properties, and liability issues thereto. Accordingly, any due diligence investigation must take such matters into account prior to accepting any cash settlement.