Daily Insurance Industry News
 
 
Daily Insurance Industry News
Wednesday 15th of August 2018
November 23, 2009

Listed property-owners warned against underinsurance

by Richard Kilner

Story link: Listed property-owners warned against underinsurance

Cornish Mutual has warned owners of listed and period properties in the south west that they may unwittingly be underinsured.

The firm, which has offices in Exeter and Truro, is anxious that sizeable repair bills could be suffered by homeowners whose properties suffer damage this winter due to lack of adequate insurance.

There are over 88,000 listed properties in the south west (English Heritage), and 2.1% of grade I or II listed buildings are at risk, according to the Heritage Counts 2009 survey.

Cornwall Area Business Development Manager Mitch Portman advises homeowners to inform their insurer if their property is listed as repair costs can frequently exceed those of non-listed buildings.

Cornish Mutual offers buildings insurance for listed properties, and has been endorsed by the owner of Tredudwell Manor, Alistair Shakerley.

Shakerley has praised the firm for its understanding of his estate, and for their local and helpful presence.

 

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