Advice For Seeking Listed Building Insurance.
When seeking listed building insurance it is essential to factor in the needs of the property. Often you may find that you become restricted by the amount of policies you’re able to consider. However, there are many listed building insurance providers along with some standard insurance providers also willing to accept listed buildings. You may also find that some insurance brokers are also able to refer you onto listed building insurers also. So, on the whole there are some good options to consider when shopping around. On the downside you may find that your insurance premiums are higher than if you were living in a non-listed property.
Listed buildings were built using techniques and materials not easily available today and therefore tend to cost more to repair or rebuild. This can make them trickier to insure. Standard insurance policies can often exclude these “non-standard” buildings.
Insurance providers factor in some key essentials when insuring a listed property. All of which may result in a higher premium.
The rebuild costs may be much higher than a modern house as the martials and details may be expensive and difficult to replicate. This is why it is essential to seek an expert specialist in period restoration like us at Timothy Perris.
The materials that listed properties were built from wouldn’t pass todays regulations. This results in them being marked as more likely to have issues such as subsidence, damp and issues with roofing and drainage. This is deemed as an increased risk to insurance providers therefore resulting in a high premium.
A thatched roof is a common feature of listed buildings. It is suggested that thatched roofs are replaced every 10 -15 years. Additional fire preventions precautions are essential especially if the property still has an active fireplace. It can be expected to receive a much higher premium for properties with a thatched roof.
Timothy Perris and his team can assist you with seeking the necessary listed building insurance specialists and are able to offer you the very best advice when evaluating your home and its particular considerations.
