What is Listed House Insurance?
Posted on Monday, October 24th, 2011
People who own listed houses in the U.K. must obtain the appropriate type of insurance to protect the house. A listed house requires listed house insurance. What exactly does this mean, though? You must first understand what a listed house is. A listed house is a house that has official status, and it must be listed on a register by the secretary of state to qualify for this status. Many people acquiring listed house insurance find that it is much more expensive and difficult to obtain.
Listed house insurance can also cover other types of structures, such as milestones or walls. In the U.K. houses that are listed are divided into three grades, which Grade One structures being the most valuable. An insurance company that insures a listed house must be sure to charge enough that if the structure is completely wiped out, due to fire or a natural disaster, that they are able to recoup their costs.
To obtain listed house insurance, an agent will require several pieces of information. Several of these include a confirmation that the house is definitely on the register, the current market value of the home, the cost to replace it and the surveyor’s report along with pictures of the property. If you have a listed house, call your insurance agent to find out about listed house insurance.