Who needs listed building insurance?
Anyone who owns a listed property needs to ensure that they have the correct insurance in place.
A listed property is any building that has been designated as being of special historical or architectural interest. They are protected, by law, from having many updates or alterations carried out on them, and any renovation or repair work is likely to need to be carried out using the relevant traditional materials and techniques. Naturally, these materials and techniques are likely to be more expensive.
A specialist listed building insurance policy not only ensures that you are protected from the costs of repair or rebuild work within these strict conditions, but also ensure you are protected should something be repaired wrongly.
Why can’t I just use a standard buildings insurance policy?
Using a standard building insurance policy for a listed building is likely to mean inadequate protection and may lead to the insurer refusing to pay out at all. The cost or repair work, and procuring the right materials is likely to be more expensive. And work may take longer as you have to find a skilled craftsman who can undertake the work to the satisfaction of the conservation officer. This may mean that there are additional alternative accommodation costs while work is completed.