Renovation Insurance
IF you are updating your home, building an extension, converting a barn or extending then Renovation Insurance is a must to protect yourself against loss.
Basically if you are doing major works on your home then Renovation Insurance may be more applicable than standard home insurance which does not cover many of the risks associated with renovating.
If you are updating your kitchen or painting your hallway then standard home insurance will normally suffice. You need to consider specialist insurance when you are going through walls, storing machinery or materials on site or opening the property to the elements – those sorts of work signify you may need Renovation Insurance.
If you have a shell of a building, putting in new foundations or completely rebuilding a property then you will need the specialist insurance for sure.
Renovation Insurance will cover the things you need during the work. If there is a JCB on site, tiles, bricks, insulation or kitchen cupboards, then they can be covered. You can almost insure against any loss from weather damage through to accidental damage – you just need to specify requirements to the specialist insurer.
And the cost does not have to be extreme, a good specialist insurer will price the policy realistically to cover the risk and match your needs as closely as possible. That understanding of what you actually need can reduce the cost because it is based on real risk.
Without this cover if you have a theft or accident with the property then you may have to pay for the financial loss yourself. That could be very expensive and jeopardise the entire project.
To get Renovation Insurance from a specialist provider that understands your needs and can provide an excellent policy at the best price, then visit The Property Insurer and go to the specialist page for more advice and the opportunity to buy instantly.
Jason McClean
The Property Insurer
