One of the factors taken into consideration by insurers when calculating a listed building insurance premium is the grade or ‘category’ of listing, so it is important that you know what this is when getting a quote.
In England and Wales listed buildings have three grades: Grade 2 listed building for buildings of special interest, Grade 2* for buildings with more than special interest, and Grade 1 for those of exceptional interest. The categories of listed buildings in Scotland are different to England and Wales, with allocated Categories of A, B or C.
As with all buildings, listed properties will vary in value. However, it is not the market value of the property that affects how much you pay for listed building insurance, it is the cost to rebuild. The rebuild cost defines the extent of the financial risk the insurer is taking on. Don’t confuse the rebuild cost with the market value of the property. The market value of a listed property can be significantly lower than the amount it would cost to rebuild it. In order for us to provide an accurate listed building insurance quote you will need to know the rebuild value of your home.
Let us get the right policy for you We specialise in providing house insurance for listed buildings, or where a building has a preservation order. Our Online quote service is quick and easy – most customers can get cover in less than ten minutes, and we have a panel of UK insurers for you to compare quotes. If you prefer to speak to one of our specialist team about your listed buildings home insurance, call us on 0333 311 0390.
