House owners in New Lanark used to be able to insure their buildings thru the Trust’s insurance policy. The cost was £200+ for Braxfield Row houses.
When that arrangement was ended alternative insurers had to be found. The insurance brokers in Wellgate found me an insurer but the cost went up to £419.
For the year 2024-5 I was notified that the cost of my insurance would more than double to £864. No explanation was provided.
My insurance broker found an alternative insurer at a cost of £545.
I contacted Direct Line who quoted a cost of £200+ but claimed that because the insurance was for a listed building I would need to have its rebuilding cost estimated by a professional valuer. That would have cost £300 for an uncertain outcome.
A second approach to Direct Line provided a policy with a maximum cover of £1million for £202 and no requirement for a valuation. Different risks have different excesses. The largest is £1000.