Listed Building Insurance from Ellis David.
There are more than 500,000 listed buildings in the UK. Each has its own unique features and foibles. It is these endearing and historically important features, combined with the rules on how a listed property should be repaired or modified, that can make the property difficult to insure.
Ellis David offers policies from a range of insurers who can provide this specialist cover. You can be confident that your cover will adequately protect you against all of the unique challenges your property might present, without incurring excessive costs.
Key Features Of Our Listed Property Insurance
Why do I Need Listed Building Insurance?
Buildings insurance for all properties is based on the re-build cost rather than the market value, so no matter how expensive or even inexpensive your home is, you need to ask yourself ‘how much it would cost to build that property brick by brick if it were completely destroyed.’ That question is particularly important for the owner or owners of listed buildings, because there are very strict rules around how you MUST restore a listed building using appropriate, traditional methods and materials. Typically, this means reliance on skilled, expensive labour and unusual, hard to source and costly materials.
In short, as the owner of a listed building, you could be liable for repair or renovation work that is likely to be far more costly than in the case of a normal house or home. You therefore need listed building insurance.
How much will it cost to get a listed building insured?
Listed Building Insurance, for all the reasons set out, is likely to be more costly than a standard home insurance policy. However, there are ways that a professional Insurance Broker can help. By ensuring that the cover you have is precisely appropriate to your buildings particular needs; for example, one listed building may have a thatched roof; and that would pose very specific risks. But not all listed buildings do, obviously, so they wouldn’t need the same, costly cover.
If you own a listed building then it is your responsibility to ensure that the building remains damage free and as close to its original state as possible. You may also be legally obliged to restore your property if any damage were to occur. There are also restrictions and specifications on the types of material you are allowed to use that could be more costly than a regular repair. All of these things have an impact on the cost of the insurance and the only way to get an accurate price is to get an experienced insurance professional to assess your needs for you.
What does Listed Property Insurance Cover?
Typically a Listed Property Insurance policy will include:
- Damage to the property’s bricks and mortar, beams and any other original features
- Damage caused to the structure by fire or flood or adverse weather
- Temporary accommodation while your home is being repaired
- Costs of having to use expensive or specialised building materials and techniques to restore your home
There are over 350,000 listed buildings in the UK and all of them are different, requiring different insurance policies. to discuss your requirements, call a member of our team on 020 7354 3881 or send a message.
How can I reduce the risk to my Listed Building?
Due to the age of most listed buildings, they will need repairing eventually. However, you can carry out regular maintenance and checks to catch any damage early. This can include:
- Checking pipes and gutters for blocks, leaks or cracks
- Regular roof checks for loose or broken tiles
- Check ceilings for damp
- Look out for erosion in the brick work
Most damage to Listed Buildings comes from damp, so it’s important to stop moisture entering your home where possible.
Why Compare Listed Building Insurance Quotes with Ellis David?
Owning a listed building can be incredibly rewarding, like owning a piece of history. However it is important to understand the responsibility that comes with a listed building. You can be required by law to fix and repair your listed home so having the correct insurance in place is essential to fulfilling your responsibilities as a listed property owner.
With over 150 years of combined insurance broking experience, Ellis David can get you the best deal for your insurance. We can tailor a policy to suit your needs so that you have all the correct cover in place but are not paying for cover that you don’t need.