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: ⁠[email protected]⁠

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👉 Book a consultation with us for 1-1 advice on managing your historic home on https://expertible.com