Homeowners face catastrophic property devaluation from climate-induced structural damage with no insurance coverage

Homeowners with significant equity in properties are experiencing severe structural damage (foundation cracks, subsidence) triggered by extreme heat events, rendering their homes worthless or unmortgageable. Insurance companies are denying claims or refusing coverage for climate-related subsidence, leaving owners with £500k+ losses and no recourse. Current insurance products don't adequately cover gradual climate-induced structural damage, leaving homeowners financially devastated.