Listed buildings insurance basics

Posted by johnssmith00 on March 31st, 2013

There are numerous people in UK who own a listed building and who are not aware of the fact that these buildings require a different type of insurance. We should start by saying that listed properties have special architectural or historical interest and are considered part of the national heritage. Therefore, owners of listed properties should opt for listed building insurance and they should know that there are three different categories of listing. For more listed buildings insurance information you should check out a professional website that is designed to help you deal with this aspect in an efficient manner.

Properties that are older than 30 years are likely to be listed and they need a special type of insurance. A listed building is a protected one, one that cannot be modified without consent from the local authority. Furthermore, listed buildings that have been damaged must be restored to their initial state where this is possible. It is useful to know that listed building insurance is a bit pricier than other types of insurance available on the market, as they usually include a safety margin and they cover the cost of using period materials and methods.

We should mention that listed building insurance is a must for individuals who want to protect their property and to ensure that it is well preserved for future posterity. Also, most of these buildings have unique characteristics and their rebuilding in case of damage requires skilled labour, specialist materials and architectural advice.  A company that provides such insurance has the necessary knowledge and experience to come up with a policy that enables you to restore your property to its initial state.

A listed building deserves and qualifies for special protection and the law preserves such a valuable building. There are numerous buildings that can be listed such as schools, churches, milestones, barns, bridges because they are of national importance. The state decided to list these buildings in order to protect their particular qualities and their special character. If you have decided to opt for listed buildings insurance, you should first ask for an accurate valuation and risk assessment. There are specialists in this field with extensive knowledge who can perform an accurate assessment and reveal unique insurance needs.

Risk management is essential when it comes to listed buildings and by opting for a custom design policy that is concluded after having performed a thorough risk assessment you can have peace of mind knowing that your property is protected. Make sure your listed buildings insurance includes coverage for accidental damage and that the reinstatement value of the building is as accurate as possible. If you underestimate the value of your assets, chances are the insurance company will not pay the entire amount needed for the restoration of the damaged building and this is a mistake you cannot afford. All in all, before you conclude a policy for a listed building it is imperative to become familiar with the basics and to find a policy that caters to all of your needs and has adequate coverage.

Having listed building insurance can make a huge difference as far as the safety and maintenance of your building is concerned. For this reason, we are pleased to help you find listed buildings insurance that is tailored to your particular requirements.