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
The Times (subscription)Perks of overpaying a home loanThe Times (subscription)If you missed out on Ford Money's 4 per cent savings deals, which were withdrawn from sale this week after overwhelming demand, then you are probably particularly fed up with low savings rates. One way of earning a better return, however, could be by ...and more »
Need extra cash? A second-charge mortgage may suitThe Times (subscription)The number of people taking out a second mortgage on their home to get some extra cash has jumped to the highest level since 2008. New data shows that £93 million in loans was taken out by homeowners in March through second-charge mortgages.
Daily MailThink tank warns of 'dishonest' Labour tax plansDaily MailCorporation tax rises could reduce the value of private pension pots. ... A spokesman for the think tank said: 'Labour would not raise as much money as they claim even in the short run, let alone the long run. ... The Tory commitment to get net ...Your guide to how the IFS dismantled the two parties' plansPolitics.co.ukParty manifestos branded 'not really honest'FT Adviserall 71 news articles »
Mirror.co.ukTravelex has scrapped its Supercard and you WON'T be able to use it this summer - 5 alternative travel money cards ...Mirror.co.ukTravelex's Supercard has proven to be a firm favourite for customers travelling overseas over the past couple of years, thanks to its no credit check arrangement, no added fees, and the ability to link your debit and credit cards to the account through ...
Financial TimesUK companies pay staff less as they plug pension deficits, says studyFinancial TimesCompanies in the UK have held down staff wages as they plug pension deficits, including those of lower-paid workers excluded from the schemes, according to new research, writes Gemma Tetlow. An average 10 per cent of the money that has been paid into ...
Have you met...
Latest Members:


Arielmiranda


Member name


jianbin0519


annawarren


Gutter cleaning


paugasol


RyanMurphy

 

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