How external walls can impact your buildings insurance
Your buildings insurance is there to cover the cost of repairs or complete rebuilding of your home if it is damaged as a result of some specific causes. It may sound drastic, but fire damage, for example, can be devastating and sometimes the only way to repair is to start from scratch. With this in mind, your insurance provider has to consider what it is that your home is made of and reflect this in the cost of your premiums.
Conventional materials such as good old bricks and mortar are plentiful and relatively inexpensive to source; bricks are also hard-wearing – this can be good news for the cost of your insurance. Particular types of stone such as flint or granite might also be extremely hard-wearing, but they can be expensive to source, (especially if your home is listed and has to be rebuilt in a certain way using original materials) and this’ll add up when it comes to your insurance. Even if your walls are made with a seemingly everyday material, if it’s ‘not normal’ (according to insurance providers) to build a house out of – then your insurance premiums are likely to reflect this with higher premiums.
If you commissioned a survey on your house when you came to buy it, the report will probably tell you what the external walls are made of. In most cases you’d know from the start if it was made of anything ‘unconventional’ by just looking at it.