Greetings!
Buying a mill is something of an act
of faith. Surveyors reports are a waste of time at the best of times (apologies
to FRICS members reading this but you know what I mean) as the
complications of foundations that have spent centuries, or sometimes
millennia, submerged sends your well-meaning assessor and most mortgage
companies running for the hills.
Purchase is an act of faith and like
a pre-loved Land Rover, handed down through decades of ownership, nobody
really wants to tell you what you will find under the bonnet. With every
restoration there are the unexpected ‘what the f**k’ moments as the costs,
plus even the merest hint of finding anyone to carry out some obscure
building process probably last done in Medieval times, set to confound even
the most stoic owner.
But then, even when it is all your
own, you will have the annual knockdown, drag out contest with your
insurance company where some AI driven bot has concluded that your mill
spends six months out of every twelve flooded despite the fact that no
flood claim has been lodged in a quarter century of ownership. Mills, you
point out repeatedly, laugh in the face of once-in-a-decade flood events.
Centuries of use has seen the building out of every possible flood
scenario.
Now, to be fair to our insurers the
NFU, they finally get this after proposing one particularly egregious
premium hike. After much toing and froing, I offered, so confident was I of
the non-existent flood risk, that they remove flood cover from the policy.
Apparently, for reasons nobody could ever explain, this is not possible but
the very thought seemed to send the bot into some sort of existential
crisis and the policy was renewed with flood cover in place at a cost lower
than the pre-increase rate.
|
No comments:
Post a Comment