Why can’t a non standard home be insured using a standard building insurance policy?
The unusual features and materials that you can find on a non-standard home can have important underlying implications in the event of an insurance claim. A thatched roof is expensive to repair, and will need a master craftsman to undertake the work – who might not be available right away. Similarly, Listed building conditions may mean that a home damaged by flood must be repaired using a particularly expensive, traditional method. For these reasons, a non standard policy is likely to be needed, to reflect the work that must be undertaken.
Am I legally required to take out non-standard home insurance?
No. Building insurance for homes isn’t a legal requirement in the UK under normal circumstances. However, it’s almost certainly a condition of any mortgage provider that you must have a valid insurance policy in place. Where the property isn’t mortgaged, it’s likely to be a significant asset that should be protected.
Where you have a non-standard home, taking out a basic standard policy is likely to mean that, in the event of a claim, the policy is invalid anyway, rendering it pointless.
So, while its not a legal requirement to take out a policy, it makes sense to have your non-standard home adequately protected.