Historic Buildings

Historic Buildings

While historic buildings may draw a sharp intake of breath from non-specialist insurance brokers, there's a perfectly simple solution to protecting period property. 

One of the crucial factors is the "reinstatement or rebuild value" of your historic property. If you buy a historic property for $800,000, how much should you insure it for? Standard insurance companies leave the calculation of the reinstatement costs to you; under-estimate and they penalize you by reducing your settlement.  Not only do older properties often require authentic materials and specialist craftsmen for repairs after damage, but the work may  take far longer to complete - so the insurer's allowance for temporary accommodation during the works needs to be more generous too. Click here for our blog 'What is reinstatement or rebuild value?'

Historic properties are works of art - we have a great responsibility to preserve and protect them for future generations. Yet many property owners, brokers and insurance companies are unaware of the complexities involved in insuring them properly. 

So how can you ensure that your historic property is properly valued and protected? A standard “off-the-shelf” insurance policy may not be suitable - it's worth upgrading to a specialist policy that comes with the advice you'll need. As well as the extra peace of mind, this could save you money both on premiums and on claims settlement.

It's important to work with a historic property broker who will take time to assess your specific needs. And after a claim, you'll want sympathy and efficiency, not more headaches.  La Playa's specialist policies provide coverage for “All Risks” including accidental damage, and we can advise on:

  • Historic Property Insurance
  • Reinstatement value
  • Trace and Access Cover
  • Subsidence and Flood
  • Valuation
  • Risk management
  • Documentation
  • Specialist insurers

Download: La Playa Private Client Brochure PDF Document

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The few claims that I have had to make have been dealt with in a very prompt and professional manner - Thank you!

Phil B, Private Client

 

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About La Playa Private Client

Specialist & Independent

Specialist & Independent

La Playa Private Client creates a safe space for you to live life to the full, enjoying your family, friends, and assets wherever you are in the world - without worry or hassle.

We can make sense of all your insurance needs - property, yachts and superyachts, high-performance and classic cars, private jets, art, wine and jewelry collections – and your liabilities too. We can pull multiple assets together on a single “portfolio” policy – or if you prefer, take care of each item separately. 

Amid the impersonal and automated world of large insurance corporations, La Playa provides a refreshingly boutique-style service, with individual advice, and cover based on in-depth understanding of your specific situation. After a detailed and confidential review of your needs and priorities, we’ll structure your insurance arrangements so you know you and your family are protected, come what may.  

Advice you can trust

…from an expert who understands you

  • Specialist, global policies for affluent lifestyles
  • Independent, specialist advice
  • Boutique–style, luxury service
  • “Can do” culture
  • Worldwide capability: offices in New York & London
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Charlene Gill

ACCOUNT EXECUTIVE

Direct Dial: 646 665 7737

Mobile: 917 715 4672

Email: charlene.gill@laplayainsurance.com

Twitter: @LaPlayaAdviser

+1 646 665 7737
+44 (0) 20 3865 0149
+44 (0) 1223 200650