The ABCs of Listed Building Home Insurance

The law involving the registry of buildings that had national importance was created due to the post-war damange England suffered from the German Luffwaffe bombing raids. This law orders to preserve the history and heritage of these edifices, dated between 1700 and 1840, for future generations. In order for these important landmarks to be well protected, a new coverage type called the listed building home insurance coverage was created.

The building insurance, however, does not cover just any building or home. In order for a building to be considered, it should undergo the following processes first:

Recognition. In order for a building to be included in the listed building home insurance coverage, the UK Secretary of State needs to acknowledge it first as a historical landmark. A building should still exhibit its historical value and is well protected and preserved in order for it to be given this kind of recognition. It is not necessary for them, however, to have grand designs or structure. Types of properties which can be covered under this special recognition are schools, bridges, barns, and even mailboxes. Hotel rooms which housed famous stars before can also be recognized. The recognition should then be listed to the State Office for preservation and protection.

Categorization. The structure of the building or edifice should be well placed under a certain category under the listed home building insurance. The following are the categories:

• Grade 1. Buildings with "exceptional interest".” The category means that the structure has great national value;
• Grade 2. These buildings have been considered as examples of “special interest”. Properties seen with national or local value.
• Grade 3. Buildings of "special interest". This means that the building has some local historical or contemporary value;

Listing. The most important aspect when it comes to getting a property qualified for home building insurance listing. The most complicated and arduous part of the qualification process. In order for the status of the building to be determines, the property should undergo a due diligence review such as a local land registration first. If ever the property is unlisted, support can requested from the local authority who can have it registered and coordinated to the English Heritage preliminary listing. In case the listing is successful, then the property's full background should be provided to appraise the state authority about the listing.

Having a property be conidered for listed building home insurance is not an easy thing to do. Some of the considerations to be considered are due diligence, application, recognition, and the lobbying needed in order for a property to receive certification. The moment it is granted with recognition, however, the property is under the full protection of the law which will preserve it for future generations.