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Tue, 19/03/2019
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Be Wiser Guide to Listed Building Insurance

Your listed building deserves nothing less than a tailored policy to make sure you have everything covered.  Mainstream insurers can provide you with protection but it’s worth taking out specialist cover for your listed property.

We hope this guide gives you information to help get you started. 

What is a listed building?

A 'listed building' is a building, object or structure that has been judged to be of national importance in terms of architectural or historic interest and included on a special register, called the List of Buildings of Special Architectural or HistoricInterest.

Why would a building be listed?

A building is listed to preserve its history based on its unique architectural features or the building is of an age that it needs to be protected in the interests of history. 

How do you list a building?

A building canbe listed for two reasons;

  1. Historic England have given listed status to a building based on research
  2. Or an individual can nominate a building to be listed by contacting Historic England to review the property.  It the review is passed then the building will become listed.

There are three listed grades

  • Grade II - Buildings of this status are considered of national importance and is the largest group of listed buildings.
  • Grade II* - Buildings are of special interest
  • Grade I – Buildings are of exceptional and international interest

What is a prevention order?

Before a building can be assessed before listing it may be necessary to put the building under a prevention order or notice. These orders can be for up to six months placing the building on a temporary list by your local authority.

Why insurance costs are more expensive for listed buildings?

If the owner of a listed building wants to carry out any work on the building they must first get the permission of the local authority. In addition to getting permission, seeking out the help of specialist craftsmen will be required so that the correct construction and materials necessary will be used.

This is why the homeowner is the primary reason why insurance for listed buildings is more expensive.  If the property had to be rebuilt, it would cost significantly more to repair it, compared to a modern home.

The fact that the building has been constructed with specialist techniques also means that it could be more susceptible to certain types of damage e.g. a thatched roof means the house is obviously at a greater risk to fire damage. With a higher risk, the higher the premium required to cover the building in the event of damage.

Things you need to consider when insuring a listed building

  • Make sure the policy covers all aspects of your particular property’s needs?
  • Protecting the architecture of the building or carrying out full rebuild costs means that you will possibly need to source specialist materials and special skilled labour
  • Have you included cover to provide you and your family with temporary accommodation whilst repairs are carried out?  Will you need to vacate the property and is this covered in your policy?  

Any specialist cover for your listed building may increase your insurance premium especially when you compare costs with properties that are not listed.