Few things are more evocative of the English countryside than a thatched roof. Around 20% of the listed building in the UK have thatched rooves. However, it is not only old houses and cottages that are sporting thatched roof. They are becoming increasingly popular in new builds. After all, it is a sustainable and environmentally friendly building material. It looks great too. However, if you are considering buying a home with a thatched roof, you need to take into consideration the extra cost of getting thatched home insurance.
Why Is Thatched Home Insurance More Expensive?
A few factors affect the price of insurance for a thatched home.
Fire Risk – The problem is not that thatched homes catch fire more often than any other type of home. The problem is how fast the fire can spread. If a thatched roof catches fire, it will most likely all go up in flames. The same is not true for a tiled home. So because the scale of a fire is likely to be larger, this will raise the insurance costs.
Rebuild Cost – When you get an insurance quote the amount you will pay id based on how much it would cost to rebuild you home. Thatched rooves are a specialist feature. This means getting an artisan to reroof your home will cost more than a more standard tile finish. This pushes up the cost. Hopefully, as thatched properties increase in popularity, there may be more tradesmen, and the prices will come down.
Listed Status – around 75% of thatched homes are listed properties. If this is true of your home, then it will cost more to insure, for this reason, nevermind the thatch.
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Living in a thatched property comes with many benefits. You can enjoy a beautiful atmosphere like no other and the unique nature of your home makes it a talking point. However, investing in a property with a thatched roof does come with some additional concerns and requirements. Properties with thatched roofs need very specialised home insurance. This is to ensure the roof is fully protected and covered by the insurance. Thatched home insurance is specialised due to the additional risks of having a thatched roof.
Should a problem occur to a thatched roof, the costs to fix it are much higher than a regular roof. Insurers of thatched homes also expect you to provide evidence that the roof is properly maintained and risks are kept to a minimum. Another additional point to keep in mind is that most thatched properties are also very old and many are listed buildings, and this too, comes with additional insurance requirements. Should something in a listed building be damaged, the owners are legally required to return it to as close to its former state as possible.
Choosing Thatched Home Insurance
When you have a thatched roof the number of insurance policies you have to choose between is limited. This is when you compare your choices to regular home insurance. You should also be prepared for it to cost more than regular home insurance. However, there are a number of providers so you can still look at different options and find the right cover for your property. It is also essential you do all you can to minimise the risks a thatched roof comes with, as your insurer may ask for evidence of this.
Minimising Fire Risk and Other Thatched Roof Concerns
Thatched roofs are more likely to be a fire risk than regular roofing. It is important, therefore, that you put additional fire precautions in place including:
- Electrical wiring and chimney checking provided by professionals
- Have fire-resistant barriers and fire-retardant spray on your roof
- Position smoke detectors both in the roof space and around your property
Other common risks of thatched properties include bird and rodent infestation. Winds can also pose a risk if the roof is not properly maintained. It is important to have a regular maintenance schedule. It is also helpful to find and work with experienced professionals should you need repairs.
Thatched Home Insurance Quotes
At Just Quote Me we help many homeowners, including those in specialist properties, find the right cover for their home. We can talk through different quote options and help you to compare the range of thatched home insurance quotes available.
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You can compare the range of thatched home insurance quotes with Just Quote Me today. Use our online quote form or call us on 0800 084 2325 now.
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Thatched cottages and similar properties are highly sought after and wonderful to live in. However, this kind of home does come with added risk and you need specific and specialised thatched home insurance for peace of mind and to protect your property. News stories appear every month of devastating fires in thatched homes, and should the worst happen, you want your financial investment protected at the very least.
Specialist Thatched Home Insurance
Thatched cottages and houses require specialist insurance focused on the thatching itself. Thatched roof and thatched home insurance will focus on protecting the property against fire, storm and accidental damage. Some policies may also protect against flooding.
A thatched home insurance policy will also include everything you would expect from a regular home insurance policy such as building and contents insurance. You may find slightly different terms due to the specialist nature of your property, but you can look at these before settling on any policy.
Buildings and property owners’ liability insurance may be something else to consider. Some policies incorporate this, and it protects against things such as subsidence, debris removal charges and surveyors’ fees.
Thatched Roof Insurance
The focus for thatched home insurance is of course the thatching of the roof. Specialist insurance is almost always needed for these homes. Thatched homes are “non-standard” which means they usually cannot be covered in a standard home insurance policy.
The evident and clear risk of fire increases with a thatched roof. Similarly, the re-build costs should a fire occur are also higher.
Owning a thatched property comes with additional costs and unfortunately higher insurance premiums is one of them. Investing in this kind of property is a risk but for many it’s their dream home, so this is completely understandable.
Many thatched properties are also classed as listed buildings. This again may increase their premiums because of their significant historical interest. Knowing all of this before you invest in a thatched property helps avoid any unwelcome surprises further along the way.
Specialist Thatched Home Insurance with Just Quote Me
Just Quote Me employs a team of insurance specialists. We work with many different types of homeowner to secure the best insurance for every customer. The quotes available for thatched properties are less than standard homes. However, there is still plenty of scope for choice and finding the right policy for your property. Contact us today to find out more.