Introduction -Thatched Building Insurance is one of the harder building
insurance polices to place. The majority of Uk Building Insurance
companies will have no interest in offering you cover for this type of property.
However, that is not to say they are uninsurable, on the contrary, a number of
companies specialise in this type of Insurance. As well as the standard perils
available under a building insurance policy, you should be able to add cover for
your General Contents which may also be extended to include All Risks on such
items as Jewellery and Pedal Cycles. Each Thatched Building Insurance proposal
will be considered on it’s merits and amongst the usual buildings insurance
questions you would expect, underwriters will want to know the following.
The age and construction of the Building, in particular the walls.
What is the Age of the Thatch and what is it’s general condition.
What is the method of heating in the Property?
When were the electrics last inspected?
What is the use of the property (have you purchased it as a Buy to Let.
Is the Building Listed?
Any previous Claims.
Helpful Tips - When you eventually source your Thatched Building
Insurance, make sure that the product provider gives you a Key Facts document
and study the terms and conditions carefully. Because you are insuring a non
standard building, there will probably be extra terms and conditions on your
cover. It is important that your understand these before you go ahead and
accept cover. Your policy may contain certain warranties such as keeping the
Thatch in a reasonable condition and keeping a fore extinguisher within the
building If you are in any doubt, always ask to see the full policy wording.
At the present moment, there are over 50 serious fires a year in Thatched
properties so it is important to make sure that you are adequately insured. On a
Risk Management basis, the most common cause of Fires in Thatched Buildings is
caused by Wood Burning stoves and other solid fuel heaters. If you are thinking
of installing Fires in your property make sure you seek professional advise and
point out that you have a Thatched Building many Fires are also caused by Faulty
Electrical wiring and it is important that you have e your electrics checked on
a regular basis. Some helpful tips and hints are:-
Always been careful with naked Flames within Thatched Buildings.
Never leave candles Burning unattended
Never light bonfires near to Thatched Buildings
Have your electrics checked on a regular basis
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