Heritage home insurance: What every owner must know

Buildings Insurance for Historic Homes: Everything You Need to Know In this episode, we sit down with Steve Moores, Client Director for Howden Insurance, to discuss the ins and outs of buildings insurance for historic homes. Whether you’re a homeowner, landlord, or tenant of an old property, this episode is packed with essential advice to help you protect your home. Key Topics Covered: - How to assess the rebuild value of your historic property. - Factors that impact insurance premiums and how to lower costs. - Risks specific to older homes, such as fire, flood, subsidence, and more. - The challenges of insuring during the current "hard market." - What happens if you’re underinsured and how to avoid costly mistakes. Jump to specific sections using the timestamps below: 00:00:00 - Introductions 00:02:38 - Assessing the rebuild value of a building 00:08:49 - Building Cost Information Service limitations 00:19:07 - How often to assess a rebuild value 00:27:52 - What affects insurance premiums the most 00:30:47 - Water leak detectors 00:37:39 - Escape of oil 00:40:55 - Domestic energy storage & batteries 00:43:02 - Risks of fire 00:46:32 - Risk of flood 00:50:09 - Subsidence 00:51:35 - The current insurance "Hard Market" 00:59:09 - Insuring for subsidence 01:04:54 - Discussion on claims 01:08:38 - "Betterment" 01:16:37 - What happens if you're underinsured 01:26:13 - Having significant building works done 01:31:05 - Wrap up Links & Resources Mentioned: 🏠 Tools for Assessing Your Historic Property: * Building Cost Information Service (BCIS): https://www.bcis.co.uk * Rebuild Cost Assessment (Desktop Assessment - use code HOWDEN20):https://www.rebuildcostassessment.com/desktop-assessment * Benchmark Cost Assessment Services: https://bch.uk.com/benchmark/

🌊 Flood Risk Resources: * Flood Re Initiative (Affordable Flood Insurance): https://www.floodre.co.uk * Government Flood Risk Information: https://flood-map-for-planning.service.gov.uk

🔧 Renovation Insurance: * Renovation Plan (Insurance for Renovation or Building Work): https://www.renovationplan.co.uk

💬 Join the Conversation: * "Your Old House UK - Repair and Conservation" Facebook Group: https://www.facebook.com/share/g/1Ew6kmuVjw/?mibextid=wwXIfr

🔒 Building Insurance Services: * Howden Insurance – Private Clients: https://www.howdeninsurance.co.uk/private-client/

📧 Connect with Steve Moores: * Email Steve: ⁠[e-mail]⁠ 👉 Subscribe to our channel for weekly episodes on building conservation, heritage homes, and expert advice. 👉 Book a consultation with us for 1-1 advice on managing your historic home on https://expertible.com