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
Telegraph.co.ukPension choice for 130000 Tata steel workersTelegraph.co.ukThe letters, seen by Telegraph Money, ask savers to pick between sticking with the existing British Steel scheme, which will fall into the Pension Protection Fund (PPF), the “lifeboat” scheme for “final salary” plans, or moving to an entirely new ...
The GuardianOne in three UK retirees will have to rely solely on state pensionThe GuardianAbout 15 million people have no pension savings and face a bleak future in retirement, according to a major survey of Britain's personal finances published this week by the Financial Conduct Authority. The Financial Lives survey of 13,000 consumers by ...Young people rely on parents and credit cards to cover costsFinancial Timesall 26 news articles »
Telegraph.co.uk'My £4845 pension policy is now worth £945'Telegraph.co.ukIn 1995 I took out a pension policy with J Rothschild Assurance. I could ill-afford it, but an adviser insisted it would be beneficial to pay into it each month. After a short period, and by then being divorced and bringing up two sons, I cancelled the ...
Donohoe avoids calling for tracker mortgage investigationThe TimesThe finance minister has said it is gardaí's responsibility to determine whether there is sufficient evidence for the force to investigate how banks have dealt with tracker mortgage customers. Paschal Donohoe avoided calling for a garda probe and said ...and more »
The TimesHow to bridge the generation gapThe TimesTimes Money looks at what he may propose next month and how he could pay for it. THE GIVEAWAY ... Mr Hammond is said to be considering cutting the national insurance (NI) contributions paid by young people, an idea Tom McPhail, the head of pensions ...
Have you met...
Latest Members:


John


kuda321


samumba


yan


Cav1991


sophiacharles


Amelia Moore

 

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