Listed property 8 August at 7:34AM in Insurance & Life Assurance 7 replies 51 views

morgymoo

Have looked at a lovely house but it is listed is the house insurance a lot higher than a normal house please

daveyjp

A listed property could be a very non descript Victorian terrace or Hampton Court.

The insurance will be based on the features the property is listed for and how expensive they are to replace.

davidmcn

If you want to find out how much insurance will be, just put it through the usual comparison sites.

Robin9

There are insurers more used to listed buildings - eg Ecclesiastical, NFU, Norwich ?

dunstonh

There is not enough detail to say.       It is the make up of the property that is the key issue.        We have a listing and pay 10 times more than we did in our previous property.   However, its not the listing that is causing that. 

Mickey666

dunstonh said:

There is not enough detail to say.       It is the make up of the property that is the key issue.        We have a listing and pay 10 times more than we did in our previous property.   However, its not the listing that is causing that. 

Correct.  I have a G2* house and the key figure is the re-build cost, that’s about the only thing an insurers will really care about - unless it is thatched, which can be a problem (mine isn’t).   My previous house was a 1950s detached and the re-build cost for insurance purposes was about 1/3rd it’s market value.  For my current listed house the rebuild cost is about 2x it’s market value.    So yes, buildings insurance is more expensive, but not simply because it is listed.
Comparison websites are not always much use with a specialised property, listed or not, but give it a try.  Robin9 is right about some insurers being best for listed/special buildings - my experience is that NFU has been the most competitive.
Might be worth reading some of the information about buying a listed house on the SPAB website.

dunstonh

Comparison websites are not always much use with a specialised property, listed or not, but give it a try.  

I totally agree with that.   I could probably get my property covered via a comparison site, or at least just the main house.  However, if I ever suffered a claim, I would be stuffed as it would be restricted to hell.

We use NFU and they took a copy of the full survey, sent it to underwriters and offered terms on that basis.  I have no fear if I suffer a claimable event on any of the buildings.

Mickey666

I like NFU because they operate out of local offices and it’s possible to have sensible conversations with them.  My local agent came out to look at the house and take his own details for their underwriters.  NFU also has a good reputation for paying out claims.