If you’ve decided to project-manage your renovation, refurbishment or extension, it’s vital that you have the right renovation insurance in place.
Click here for our 10 Point Renovation and Property Project Insurance Checklist
Dream home or investment property, if you do opt to self-manage your renovation insurance in your project, you need to insure not only the existing structure, but also the works in progress – as well as buying employer’s liability cover, if labour-only sub-contractors are being employed direct. In addition, plant hire firms will require you to insure hired-in machinery before they’ll release equipment. And the problem of arranging insurance for unoccupied properties pending and during renovation has often been an issue for buyers trying to complete on a sale. Listed properties and barn conversions are a particular problem under most home-builder policies.
Often insurers will only offer fire cover, which won't meet a lender’s requirements, leaving buyers faced with a limited range of highly expensive insurance policies - some costing ten times the standard rate or more. Renovators also need to have some public liability insurance cover in place to ensure that if a contractor or other person injures themselves in the property, they won't be fighting a civil action alone.
La Playa’s Renovation Insurance provides a flexible and comprehensive solution for renovators, including cover for:
Don’t let “computer says no” insurers put you off your dream project – email us for more information and a competitive quotation.
Download: Renovation and Property Project Insurance Checklist
Sue H
You can call us to talk more about your insurance on +44 (0)1223 200650 or +44 (0)20 3865 0149
La Playa's Personal Risk Concierge service means advice you can trust - from an expert who understands you:
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As an independent broker, we can advise on the best policies available - and on risk management measures including valuations, security, fire prevention and property marking - preserving the value of your property and giving you complete peace of mind. We have access to excellent terms with market-leading high net worth insurers.
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*subject to availability with our insurer panel
Direct Dial: +44 (0) 1223 200666
Mobile: +44 (0) 7471 030260
Email: marie.shaw@laplayainsurance.com
Twitter: @MarieLaPlaya