Japanese Knotweed

Japanese Knotweed Indemnity Insurance

Asian Knotweed, better known as Japanese Knotweed, is an herbaceous perennial plant of the knotweed and buckwheat family Polygonaceae. It has a fast growing root network strong enough to grow through concrete and is known to cause damage to foundations of buildings. Although it is not native to the UK, its been in our gardens for over 150 years first recorded at the Royal Botanic Gardens at Kew by 1850.

Today, Japanese Knotweed is known to travel along water courses and Railway lines, its established across the UK whilst creates problems due to the impact on biodiversity, flooding management and especially damage to property.

The Law in the UK dictates that homeowners known to have Japanese Knotweed on their land and who do not control it’s growth will be fined. In Scotland this has been taken a step further by making it an offence to spread intentionally or unintentionally. In addition, a very recent case in 2018 has compensated a homeowner following an infestation from neighbouring land where the neighbour had knowingly not treated the weed. Therefore the laws around this aggressively growing weed is in it’s infancy and I expect many more cases to be highlighted over the next few years.

Japanese Knotweed Insurance Policy

As a result of all this activity, a Japanese Knotweed Insurance Policy is available to homeowners and the cover is very thorough. So what is included within the cover?

  • All policies cover a 10 year period.
  • The cost of obtaining a survey from a treatment specialist, with the Insurer’s prior written consent
  • Repair and restoration costs following any damage caused to the property
  • Legal defence costs, following any claim made against you by a third party affected by the spread of Japanese Knotweed from your property
  • Any residual reduction in the market value of the property arising on a future sale, following any treatment required
  • Any other costs and expenses incurred with the Insurer’s prior written agreement.
  • The limit of indemnity is chosen my by the individual but I recommend either £100,000 or £500,000 of cover

If you would like a quotation then please call Carl Sharp on 01189 165 487 or email carl.sharp@macbeths.co.uk

Author: Carl Sharp | November 15th, 2018

Contact the author

Carl Sharp
Get in touch:   Reading: 0118 916 5480   London: 020 7036 8767   info@macbeths.co.uk