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 Irish NewsFinancial advisers expect further changes to state pensionsthe Irish NewsTHERE are rumblings on the horizon in the world of pensions again this week, this time with regard, not to your personal or workplace pension, but with regard to your state pension, as financed by your National Insurance contributions. A new research ...
This is MoneyTONY HETHERINGTON: Between the Rock and a hard place in binary fiascoThis is MoneyIf you lose, you lose 100 per cent of your money. Over the ... K.G. writes: I decided to take my tax-free lump sum of £7,103 from my pension, after being given figures by pension company NPI and annuity adviser Just Retirement. Imagine my ... If you ...
NEWS.com.auPlan to starve the credit card 'monster'NEWS.com.auThis situation has been able to develop because contrary to popular wisdom — even among money experts and regulators — there is no law setting a minimum monthly repayment. Inquiry deputy chairman ... Leading consumer advocate Kat Lane, principal ...Big Debt Switch: ASIC calls for higher minimum credit card repayments so ...Herald Sunall 12 news articles »
The Guardian'Worrying trend' as older people cash in pension pots to pay off rising debtsThe GuardianMortgage debt is the most common form, with more than one in three still paying off their home loan; 14% of retirees hold credit or store card debt, and 6% have unsecured loans. Charities are concerned pensioners will be worst ... Pension freedom ...
Reuters UKDespite raids, Macau pawn shops still help flout currency rulesReuters UKThe transaction, which took less than 10 minutes, shows the ease with which Chinese gamblers in Macau, which generates more than five times the gambling revenue of Las Vegas, can use credit cards to skirt China's currency restrictions, which limit ...and more »
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