If are looking for listed building insurance, you may find it harder to find a cheap home cover policy.
Most listed buildings are over 100 years old, and need to be restored using traditional materials if damaged, which can be very expensive. Therefore,if your property is classed as a grade 2 listed building, insurance companies will see the potential for a big payout and so charge more for cover.
What properties can listed building insurance cover?
There are three grades of listed property you can insure:
Grade 1: These make up 2.5% of UK listed buildings and are buildings of exceptional interest.
Grade 2: These are buildings of special interest and make up the majority of listed buildings in the UK.
Grade 2*: These are important buildings of more than special interest, and make up around 5.5% of the listed buildings in the UK.
Most buildings built before 1840 close to their original condition will be listed.
You can check the Historic England website to find out if your home is listed, and what grade it is.
What listed building home insurance can you get?
You can get a policy that gives you:
Most listed building insurance providers ask for the rebuild value of your listed home to work out your buildings cover. Listed buildings can cost a lot more to rebuild than newer homes, so it is important you get an accurate value.
You can use the Association of British Insurers (ABI) rebuild calculator to get an estimate, or pay a surveyor to give you a more accurate valuation.