Non Standard Property Insurance
Non Standard Property Insurance for insuring pre fabricated homes, concrete walled homes, park homes, thatched roof homes, wattle and daub walled homes, barn conversions, high value homes and listed properties.
Insurance companies want to insure houses where the risk is known, houses with brick walls and tiled roofs are the most common type of construction in the UK, so the insurance companies know these houses are low risk, meaning the insurance company knows how these properties are constructed, how long the properties will last and any problems the properties might have over the years so the insurance company can work out if they will have to pay out compensation on such homes.
Homes that are non traditional or non standard use methods of construction that are different from the brick walls and tiled roofs of standard homes, that does not make these non traditional homes any less desirable as a home or any more likely to have building problems that are likely to result in an insurance payout.
Non Traditional Homes
However non traditional homes can be an unknown, either an insurance company must carry out additional structural checks on the building or they must assume that the house construction is like that of other types of property, but as the home is non standard there are none or few similar homes to compare it against.
This means that high street insurance companies are less likely to insure your property because your home is not of the same construction method as the vast majority of the houses they insure.
However, specialist insurance companies are able to insure non traditional homes and specialise in learning about these construction methods, so the insurance company will know the exact risks of a thatched roof catching fire and causing an insurance claim or a building that has suffered from subsidence and has had to be underpinned of resulting in further insurance claims.
After the war the government wanted to build homes fast for the returning soldiers, the fastest way to build these homes was using pre-fabricated techniques where the main sections of the house like the walls and roof were constructed off site away form the main build, they were made in a factory before the main build (pre-fabricated), then the large sections of house where delivered to the site and assembled on site.
Pre-fabricated homes are very common, in fact most homes built after the war up until the 1960ís has a very high chance of being a prefabricated home, I live in a prefabricated home myself.
The reason insurance companies donít like pre-fabricated homes is that inside the large concrete sections that make up the walls of the house are steel sections, these steel sections can rust and crack and the current state of the steel inside the concrete is not known without exhaustive tests, however a huge amount of housing stock was built after the war using this manufacturing technique and itís not dangerous or rare or in any way bad, so specialist insurance companies are happy to insure prefabricated and concrete buildings.
Itís not just prefabricated buildings that need non standard insurance, a barn conversion is a non standard property, the house was at one point a barn and it isnít anymore, it is now non standard, that does not mean that the barn is dangerous or not a fantastic place to live, it just means that an insurance company would not have seen that specific construction before, however specialised insurance companies will have seen many barn conversions all similar enough that they are happy to insure your barn conversion.
High Value Homes And Listed Properties
High value homes like manor houses, stately homes and other listed properties are just like barn conversions and prefabricated buildings in that they use a building technique which is not common and so high street insurance companies will not insure these properties whilst a specialist non standard insurance company will.
Timber Frame Homes And Park Homes
Timber frame homes and park homes (Caravan Insurance) have similar problems getting home insurance, the timber frame means that there is an elevated fire risk and structural risk of the wood failing however small that might be and the building materials used are different from traditional brick wall and tile roof homes, but still these types of home are very popular and again specialised non standard insurance companies will insure these properties as they have insured many similar properties over the years.
To get a mortgage your need to have a home that can be insured because the mortgage company will want to know that if the house burned down or there was a flood or other problem with the home that you would be able to claim on your home insurance and put the property right, you are after all protecting the mortgage companies investment in lending you the money for the house, if you canít get insurance on the house then your not able to protect the mortgage companies investment and you wonít be able to get a mortgage.
Non standard property insurance companies will provide home insurance that the mortgage companies will accept enabling you to buy the home of your dreams, maybe a quirky home with different features due to the way the house has been constructed or just a cheaper pre-fabricated home that is your step up onto the property ladder.
Buildings And Contents Insurance
With non standard property insurance cover your be covered for buildings and contents insurance just like with a standard construction home, most non standard insurance polices will offer one million pounds of cover as standard and this can be tailored to the exact value of your home either upwards or downwards.
Listed Building Insurance
Listed building insurance is much the same, a high street insurance company will not insure the property because its method of construction will be unknown to an insurance company that only works with brick wall and tiled roof constructed properties, specialists in non standard property insurance will have insured many listed homes and be far more familiar with their typical construction methods and risk to the insurance.
If your home is suffering from subsidence, you immediately have insurance risks that most insurance companies will not want to bare, meaning the insurance company will either refuse you insurance or charge you a very high premium (monthly fee) for agreeing to insure your property, but with specialist non standard insurance polices, the insurance company will be well aware of the risks to a property from subsidence and will be able to provide insurance to proprieties with subsidence and properties that have been underpinned already due to subsidence.
Non standard construction materials can include wattle and daub walls (basically animal excrement mixed with straw and lime) or concrete section or wood section or thatched roofs, all these types of properties have been in existence in the UK for hundreds of years and are some of the most beautiful houses in the country, whilst a high street insurance company might refuse home insurance to such properties because they are not aware of the construction techniques that does not mean that you do not have a highly desirable home that deserves home insurance.
Concrete Homes And Prefab Homes
Concrete homes and prefab homes are all made with large concrete sections of wall bolted together, prefab homes might be houses built after the war or they might be modern and highly desirable kit homes, these kit homes whilst looking beautiful and providing a style of home that you canít get any other way will mean that not all insurance companies will want to provide you with home insurance, luckily non traditional insurance exists for these non traditional homes.
Non traditional homes will often fail to get insurance and that is no reflection on the strength of the home or its ability to survive high winds or cold winters its more a reflection on high street insurance companies not wanting to take a risk on the property or find out more about that properties method of construction to actually understand the increased risk if any.
The home might be in danger of flood risk, it might be a home that has since it was built been re-designated into an area of flood plain, meaning the land on which the house is built is liable to flooding and will flood, with flood defences in place there is no reason why flood prone homes cannot get home insurance, a high street insurance company will refuse any property in a flood area as a matter of course, non standard insurance companies will be aware of these risks and able to provide you with home insurance.
Unoccupied properties (Unoccupied Property Insurance) also come under the non standard property insurance banner because most homes are continually lived in and when a home is not lived in it is more at risk from theft, vandalism and lack of care with no one at home to notice a burst pipe which turns into a flood and brings the ceiling down or a faulty electrical socket which sets fire to the house.
To arrange a mortgage your need to be able to get home insurance on the property, if you donít need a mortgage then it is up to you if you want to get home insurance and no matter what the property is constructed of, if you donít need a mortgage then you donít have to concern yourself about getting home insurance, however without buildings insurance you will be liable for anything that goes wrong with the property and your personally be paying all the bills.
If you donít have a mortgage then you wonít need to find a non standard insurance company to insure your non standard or non traditional house, although it is still highly recommended that you do have home insurance, but without needing a mortgage there will be no mortgage company enforcing your need to have home insurance.
Alternative Methods Of Construction
Alternative methods of construction and alternative materials used for a home might be an underground home where the earth is above your home or a home set in a cave or a home on an island lighthouse, any home that is not like ninety percent of the other homes on a housing estate in the UK will be classed as non traditional or non standard and that in no way means that they are not desirable homes and is not an insult against your choice of home it is just the high street insurance companies aversion to risk and to finding out more about your home and its method of construction.
A specialist non standard property insurance company will have far more experience with homes similar to your non standard home if not exactly the same as your home and can offer an online quote and immediate insurance.
If you have whatís known as a declined property, it just means that a high street insurance company has declined to insure your house, probably because it is a non standard property using non standard building materials or techniques, now in the case of prefab homes up until the 1960ís these homes were anything but non standard, they where the standard and highly desirable homes that soldiers returning from the war wanted to live in, its just that over the years building methods and materials have changed and now what once was a commonplace method to build a home is now classified as non standard.
Chalets and park homes also fall under the banner of non standard properties because they are made of wood and therefore not as strong as a brick built home but still strong enough that people live in these types of homes all their lives without incident, a high street insurance company will refuse insurance on these type of wooden constructed homes whilst a specialist non traditional insurance company will have insured thousands of similar park homes and chalet homes over the years.
Non standard and non traditional homes is an insurance word that scares many home buyers or home owners into thinking that there is something wrong with their homes, but in actual fact itís just a construction method that the traditional insurance companies will not be willing to insure against but specialist non standard and non traditional insurance companies have been insuring these types of properties for years.