Listed Buildings Need Specialist Insurance.
The design and construction of historic buildings makes them more vulnerable to damage, especially by fire, and more expensive to repair. As a result standard home insurance is NOT SUFFICIENT.
Elevate has extensive experience insuring listed buildings.
We can insure Grade I, Grade II listed buildings, Scotland – B, Scotland – C and Northern Ireland – B and B+ Protected listed properties.
We help you navigate the complexities of listed buildings insurance.
- Insurance should be on a full reinstatement or guaranteed basis so that in the event of an insured loss buildings and valuable contents can be put back to what they were rather than simply rebuilt or replaced. This means the same design, quality and style in accordance with current legislation.
- Where the Listed Building has commercial uses business interruption insurance provides for a loss of revenue from visitors or temporary relocation, removal and storage costs
- Contents cover including furnishings, works of art, collections and personal possessions, worldwide. Specialist knowledge may be required to value certain items and a full inventory.
- Renovation work on listed buildings significantly increases the risk of damage or destruction and requires additional insurance which can be included.
- Risk management has a major impact on insurers’ willingness to accept risks and the level of premiums. Typically involves smoke & fire detectors, barriers to the spread of fire, additional controls during renovation work and testing of heating equipment, fire detection and electrical systems.
- Valuations need to be kept updated considering building costs, current legislation, demolition costs, site clearance and professional fees. For contents the market value of items such as art and antiques also need to be regularly reviewed.
- Public or third party insurance provides cover for claims for damage to persons or property, made by employees, visitors and neighbours.
- Significant value may need to be covered in gardens such as ornaments and statues. Some insurers offer policies to cover landscaping too
Elevate Life Insurance FAQs.
What is a listed property?
Listed properties are of special historic or architectural importance, dating from the mediaeval period through to the 1930’s. Even some significant modern buildings are listed. Buildings that have this level of special interest are placed on the Statutory List of Buildings of Special Architectural or Historic Interest.
How can I check if my home is listed?
If you are unsure if your building is listed, you can search the National Heritage List(external link), or contact your local authority.
Is insurance expensive for Listed Buildings ?
Given the costs of repair/reinstatement of such buildings premiums tend to be higher than typical residential buildings.
Do I need permission to repair a listed building?
Yes, making changes to a listed building is a criminal offence if you do not have the correct permissions. Alterations and renovations to the interior and exterior of a listed.
Is listed building insurance complicated to arrange?
At Elevate we can help you through the process and usually get initial cover in place quickly. There may be additional steps including a risk survey and the requirement for valuations and documentation but we can help you through these.
Do I need to keep additional records detailing the listed building and its contents?
Record keeping is important. Photographs, cross-referenced to scaled plans should be kept securely offsite to assist reinstatement work along with photos of valuable items.
We treat all of our clients as individuals. We have time to talk, we listen and understand what you need. We are here for clients throughout the insurance process, arranging customised cover, adapting policies as things change, reviewing the market every year and supporting them with any claims. Your personal advisor is available on a direct dial.