Listed buildings can be considered a risky proposition in insurance terms, so getting adequate cover for your grade I or II listed property can be tricky. Many providers simply won't cover these historically or architectually significant properties, so you'll probably need to speak to a specialist provider.
A building is listed by English Heritage because it is recognised as possessing special architectural or historic qualities - generally, the older a building is, the more likely it is to be listed. For this reason, listed buildings are deemed to be riskier propositions than more modern dwellings because of the potential restrictions on changing, restoring and further protecting them.
What does the grading mean?
Grade I buildings are “...of exceptional interest, sometimes considered to be internationally important...”
Grade II* buildings are “...particularly important buildings of more than special interest...”
Grade II buildings are “...nationally important and of special interest...”
Most homes will be classified as Grade II and this category accounts for 92% of the 374,081 buildings listed in England. †
What does it mean to you?
Well, it means that your property is likely to have a higher value than other unlisted properties in your area – it could be that the building you own contributes to the unique character of your neighbourhood.
Listed status affects all aspects of the interior and exterior of the building. If you want to change, extend or demolish a listed building which you think may affect its special character, you’ll need to be granted listed building consent from your local planning department. Changing a listed building can be something simple like replacing a window or door. If the work is substantial and is to protect or repair the building, you may even qualify for a grant.
Things to consider when insuring your listed property:
• Make sure your home is insured for the right amount; rebuild costs are likely to be higher.
• Look for providers that offer rebuild guarantees or contingency on rebuild costs if the sum insured is exceeded.
• Ensure that authentic period materials and methods are used if rebuilding is required.
Read our home insurance articles and guides for more great topics or get a home insurance quote.
† Source: http://www.english-heritage.org.uk/