Thatched roof property insurance is designed for homes with thatched roofs, which can be more flammable and have unconventional structures. It’s best to go to a specialist for pricing and to mention if the property is rented out. Joining a homeowners association may offer lower rates, but compare options.
Thatched roof property insurance is specifically designed for homes with a thatched roof. It’s an alternative to traditional buildings or home contents insurance policies that may refuse to cover a thatched-roof property or charge extremely high premiums. Options for choosing the best thatched-roof property insurance include comparing conventional insurers, searching for specialists, or taking out insurance deals offered by thatched-roof homeowners associations.
The main reason you may need thatched roof homeowners insurance is the obvious one: the roof is more flammable than some other types of roofing materials. This not only increases the potential for a fire, but also the likely extent of damage if a fire does break out. However, there are several other reasons why thatched-roof properties may need specialist or more expensive insurance. These include the fact that thatched-roof properties are typically older, that they are made of unconventional structures, and that they are more likely to have wooden frames that are at risk of fire, damp, or even insect damage.
When choosing thatched roof property insurance, it often pays to go to a specialist. This is because the specialist will have the experience to price your policy based on your specific home rather than just adding a set amount because it happens to be thatched. Some insurers will even cover the cost of conducting a full survey of the property.
Having a survey will not only assess the true risk of damage. It will also give a more accurate assessment of the costs of rebuilding the property. While it may be impossible to rebuild an exact replica, it may turn out that rebuild costs are lower than with a traditional property, which means lower premiums.
Many thatched-roof properties are rented out to tenants, either as long-term rentals or as a vacation property. If this is the case in your home, you should mention this to the insurer. This can mean higher premiums due to the added risk of accidental damage from temporary residents, but failing to mention it can result in a future claim being denied.
There are various organizations and associations geared towards thatched property owners, offering advice, support and networking opportunities. If you are a member of such a group, you may be able to access specialized thatched-roof property insurance at a lower rate. Don’t automatically assume this will be the best deal, instead use it as a basis for shopping.
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