The material on this website is for information only
and is not intended as any recommendation or endorsement of any products or companies mentioned. We are not licensed by the FSA to give financial advice, and none of the material on this website constitutes or is intended to constitute financial ...
News
Express.co.ukArgos and Homebase among store cards under fire over 'scandalous' 30 PERCENT ...Express.co.ukBut using the cards for spending could hurt borrowers for years to come, found Moneyfacts.co.uk. ... The Post Office's Money credit card doesn't charge any interest on purchases for 25 months, giving a shopper plenty of time to repay a balance at no cost.
The GuardianRevealed: the widening gulf between salaries and house pricesThe Guardian“The biggest factor is that in the run-up to the crash, interest rates were low, so you could afford to service a bigger mortgage then. There was also low inflation on essentials like food, fuel, transport and utilities, so people had more money in ...and more »
AOL Money UKContactless payment jacket invented by British brandAOL Money UKThe only possible downside is that this unusual new jacket comes with a fairly hefty price tag. It will set you back £150 but can be linked to any UK registered Visa or Mastercard debit or credit card. More on AOL Money: New £30 limit for contactless ...'World's first' contactless payment jacket created by Lyle & Scottexpressandstar.comall 35 news articles »
Wall Street JournalSmall UK Banks Show Big Rivals How To Travel LightWall Street JournalTotal bad loan charges as a percentage of its loan book are just 0.23%, very low for a U.K. bank by historical standards even if it is double the rate recorded at Virgin Money, which is more focused on ordinary mortgages. The key advantage for ...
The GuardianRevealed: the widening gulf between UK salaries and house pricesThe Guardian“The biggest factor is that in the run-up to the crash, interest rates were low, so you could afford to service a bigger mortgage then. There was also low inflation on essentials like food, fuel, transport and utilities, so people had more money in ...
Have you met...
Latest Members:


debra barnes


ganool168


Noiajf


mone


AGreen


madashell


Fraser

 

Listed building Insurance.

Check your insurance if you own a listed building.

Listed building owners are being warned to ensure that their homes are adequately protected as the recession continues and people make financial cutbacks.

The warning comes from large rural insurer, NFU Mutual. It says 4 out of 10 people are cutting back on their spending on financial items such as insurance.  

NFU Mutual spokesperson Nicola Sach says, “Our primary concern is that people may find themselves underinsured.  Owners of listed buildings should check that the sum insured on their home would cover the cost of rebuilding the property using the appropriate materials and craftsmanship.  They may find that they need to cover substantial costs should any damage occur if the appropriate level of cover is not in place.”

NFU Mutual provides a listed building scheme and has found in the past most customers who take up the service are initially underinsured - some by a significant amount.   

“With listed properties usually costing substantially more to rebuild than non-listed homes we are urging people to make sure that they take the appropriate steps to ensure that should a loss occur they will be fully covered”.

NFU Mutual has put together some top tips for listed property owners

Make sure that you get a valuation from a specialist company.  Should you ever need to make a claim this will help to ensure that you are adequately covered.  This process should be repeated every 3 to 5 years.
Check your level of reinstatement cover against your valuation.  English Heritage can insist that you use like for like methods and materials to rebuild your property which can be more expensive that the modern equivalent.
Consult a risk management specialist to help ensure that your house is as secure as it can be without compromising or damaging any historic features.
Old and listed buildings can be susceptible to burst pipes. To prevent large costs should this happen make sure that your insurance policy will cover you.
If you are thinking of purchasing a listed property, make sure that you check that any alterations that have been made to the building have been approved. You could find yourself liable for  the costs of returning the property to its original state if these alterations are found to be detrimental to the fabric of the building.
If your home is thatched you should ensure that even small repairs to the roof are carried out by a professional thatcher.  

Advertise with us  |  Privacy  |  Terms & Copyright                                                                                     Website maintained by USP Networks