Question to the HM Treasury:

To ask His Majesty's Government what plans they have to investigate the openness, efficiency and functioning of the insurance market relating to listed properties.

The Government is committed to supporting the successful protection of our heritage for the benefit of present and future generations.

The UK’s home insurance market is competitive, with many providers offering a variety of insurance products. The Financial Conduct Authority (FCA), the independent regulator of financial services, has a statutory objective to promote competition in the interests of consumers. FCA rules also require firms to offer products that deliver fair value to consumers. The FCA monitors firms to ensure they comply with its rules and has powers to take action if necessary.

As standard home insurance may not offer adequate cover for all listed buildings, the Government encourages consumers to shop around for the most suitable cover at the best price. It may be helpful to consult an insurance broker, who will be able to help search the market for specialist providers.