Chancel insurance

mattk1234

I seem to be relying more and more on this website... thanks!

So house purchase is going through listed building from ~1600 it was a servants cottage for local manor house which has been there in 'some form' back to 1100's. The cottage was sold off from the estate in early 1900's

I got my searches done and one thing that came up was this damn chancel insurance stuff that annoyingly might be gone by oct 2013 (annoying as i will be completing soonish).

The manor house i know funded and built one of the local churches, i also know another of the local churchs has been converted into residential.

As 'my' new house will definitely be on any parish records being older than the church would i be a fool not to get the cover?

its 60 quid for 25 years or 160 for ever. Tempted to save 100quid thinking the church will be gone in 25 years. What would you do?

I think i've probably answered my own question but would welcome your opinions.

Cheers
Matt

ShALLaX

£160 is what percentage of the entire cost of purchasing this house? I suspect less than one. Worth it for peace of mind? I think so.

mufi

I took out chancel insurance on Friday, via the solicitor who did our conveyancing a couple of years ago, for £35 plus 6% IPT. Insurance cover is in perpetuity, transferable to successors (obviously), and is on a property valued at just under £400,000.

sirmosh

Personally I would bite the bullet and just get the full cover. You'll quickly forget you ever spent the extra £100 but you'll never have to worry about it again.

Richard_Webster

£160 in perpetuity? Your solicitors obviously haven't got a block policy. My practice does it for £15 with up to £1million's worth of cover. As your solicitor why they cannot arrange it more cheaply.

Age of your building and age of church etc nothing to do with anything. Question is whether land on which house built within an area where there is some liability - and this goes on 1836 parish boundaries.

mattk1234

Thanks everybody.

I did some searches and can't find details of the parish or tithe maps but not confident i'm looking in the right place. So think i might bite the bullet.

I just hate wasting money... hence being on mse.

Goldiegirl

Although in the event of a a claim being made, it'd be a huge money saving!

hazyjo

Goldiegirl wrote: »

Although in the event of a a claim being made, it'd be a huge money saving!

Not necessarily. Could only be for a tenner! Would depend on the amount, and the number of residents being asked for it. Certainly no guarantee you'd be asked for thousands if the Church did ever dare claim from anyone again.

Jx