Grade Listed Buildings Insurance
While listed buildings and property may draw a sharp intake of breath from non-specialist insurance brokers, there's a perfectly simple solution to protecting listed buildings. La Playa's Private Client Group has extensive experience of listed buildings, including Grade 1, Grade 2 and Grade 2* listed buildings.
One of the crucial factors is the "reinstatement value" of your listed building. If you buy a listed building for £500,000, how much should you insure it for? Standard insurance companies leave the calculation of the reinstatement costs to you; under-estimate and they penalise you by reducing your settlement. Not only do older properties often require authentic materials and specialist craftsmen for repairs after damage, but the work may take far longer to complete - so the insurer's allowance for temporary accommodation during the works needs to be more generous too. Click here for our blog 'What is reinstatement or rebuild value?'
Listed buildings are works of art. Yet many property owners, brokers and insurance companies are unaware of the complexities involved in insuring them properly. There are nearly 500,000 listed buildings in England and their owners have a great responsibility to preserve and protect them for future generations. In fact, the consequences of knowingly under-insuring a Grade 1 listed building could involve legal action.
So how can you ensure that your listed building is properly valued and protected? A standard “off-the-shelf” insurance policy may not be suitable for a Grade 2 listed property - it's worth upgrading to a specialist policy that comes with the advice you'll need. As well as the extra peace of mind, this could save you money both on premiums and on claims settlement.
It's important to work with a listed building broker who will take time to assess your specific needs. And after a claim, you'll want sympathy and efficiency, not more hassle. La Playa's specialist policies provide cover for “All Risks” including accidental damage, and we can advise on:
- Grade 1 Listed Building Insurance
- Grade 2 Listed Building Insurance
- Grade 2* Listed Building insurance
- Reinstatement value
- Trace and Access Cover
- Subsidence and Flood
- Valuation
- Risk management
- Documentation
- Specialist insurers
Click here for our datasheet Insuring Period & Listed Buildings.
Mike Cullen
Senior Account Executive, Private Clients
mike.cullen@laplayainsurance.com
 | Talk to me on 01223 200663 |
 | Download Period & Listed Buildings Insurance |
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