Why are my insurance needs different from a standard home?
Houses that fall into the specialist category are usually little pieces of history or have an old world charm that newer houses simply can’t match. Because the materials used in the construction of these types of houses (such as reeds and grass for thatched roofs) are unusual, they’re often more expensive to get hold of. In addition to this, the workmanship needed to repair and maintain specialist houses tends to be highly skilled and labour intensive, adding to the cost.
Older homes may also be listed – most properties built before 1700 and still in decent shape are listed as are many built between 1700 and 1840. Listed buildings need to adhere to certain rules and regulations when it comes to repair and maintenance – this tends to mean using materials and building techniques originally used to build the property which comes at a price.
Insurance providers need to consider the need for specialist materials and specific workmanship when it comes to providing cover which is often reflected in slightly higher premiums.