Fracking risks reducing house prices by 30% and voiding house insurance

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Here is a letter a farmer in Fermanagh, UK, received from his NFU insurer. If you do find an insurer willing to quote, the premiums will be prohibitively high.

Insurers and mortgage lenders know that fracking is disastrous. The banks recall loans, second mortgages and even primary mortgages when adjacent land is fracked.

“Most people if they have a choice won’t live next to a mine. But there is another issue. That is called an earthquake and it is a bit more real. If you are getting tremors that might damage the property the lender is going to be worried.” 

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