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
Daily MailFast money: Banks making it easier to split the tabDaily MailWhen the option to send money to person at a different bank became available, the service would take upward of three days to complete. Venmo and Square Cash, on the other hand, are open to anyone with a debit card and work in as little as one business ...and more »
Telegraph.co.ukProtecting the people you loveTelegraph.co.ukThis money could be used to clear your mortgage and pay debts, or provide an income to help with the cost of raising your children. And because needs – and budgets – vary, Royal London offers different types of life insurance. The first is level cover ...
Financial TimesContactless payments soar on the high streetFinancial TimesCash was used for less than half of all payments in 2015, the lowest level yet, as the ease of spending money on contactless cards encouraged more shoppers to tap and pay, writes Claer Barrett. Data released by Payments UK, which represents major banks ...
The GuardianHouse prices compared with earnings 'close to pre-financial crisis levels'The GuardianThe average UK house price is now 6.1 times average earnings, close to the peak of 6.4 it hit before the downturn, Fathom Consulting said. A rise in interest rates from their current low of 0.5% would lead to a correction, it said, although a return to ...
iNewsHow looking in your wallet can save you hundreds of pounds in minutesiNewsIt's possible to save £100s or even £1,000s a year by getting a 0 per cent balance transfer credit card – that's where the new card pays off debt on old cards for you, so you owe it instead, but at 0 per cent. This means more of your repayments clear ...and more »
Have you met...
Latest Members:


midomidi2013


asmaasaad


shazly


ser1es


Tania Bae


peuores


DeanWatriama

 

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