From This is Money:
There are more than 500,000 listed properties in the UK and specialist insurers are warning that many owners of period and listed homes are unknowingly underinsured.
The cost of rebuilding and repairing damage is high because the character of the property has to be maintained.
This usually means finding specific and often rare materials, along with skilled craftsmen and builders. With the arts of thatching, stone masonry and glazing dying out, even repairing a small amount of damage can be expensive.
NFU Mutual, which offers specialist valuations and buildings insurance for listed homes, says detailed and regular valuations by surveyors who understand listed buildings are essential. It recommends they are done at least every five years.
Finding the right insurer is also important. Tracey Warren at the Listed Property Owners Club says owners of listed buildings should not rely on insurance from mainstream providers.
‘Homeowners who just go onto comparison websites or buy basi…