Renovation insurance covers extensions and loft conversions. Renovation insurance is great for any property where tools, materials and supplies may be left outside and be vulnerable to theft or damage from the elements.
Whether you are protecting plant and machinery, open walls, hand tools, or even passing members of the public from injury and harm, renovation insurance is what you need.
I am not Kevin McCloud from Grand Designs and I’ve never renovated a property. But that doesn’t stop me from dreaming about being able to do it one day. Ideally for me it would be an old church that I could renovate into an amazing living space. I am on Renovate Alerts regularly looking for projects.
I know plenty of people and friends who have renovated property. From adding a small extension on the back through to replacing the conservatory with a brick built room. Even as far as tearing down an old house and replacing it with new modern home. All of them have put specialist renovation insurance in place to protect against financial loss during the works.
If I ever get round to my dream renovation, I’ll have the right insurance in place before I start. Whether it is to protect the plant and materials on site from theft or weather damage right through to protecting myself with public liability insurance. That will protect me in case a visitor trips on a power tool on the floor.
Renovation Insurance does not have to cost fortunes. It can be tailor made to fit the project you are doing. If the renovation is small and will only take two weeks to complete, then you can have Renovation Insurance to last for two weeks only. The beauty of that is the insurance cost is limited as it only covers the time and risk that you need.
If you are running a much longer refurbishment then you can get your Renovation Insurance to match it. It can be streamlined to come on line when your materials are on site. Or the finance is released for more works. Then when the plant and machinery are off site you can remove them from the cover. That will reduce the cost. The whole thing about Renovation Insurance is that it is completely adaptable to your needs. And adaptability means flexibility and reduced costs.
For the small price it costs for renovation insurance I don’t understand why you wouldn’t have it in place. One accident or one injury could sink the whole project if you are not insured. And that would make a very short episode of Grand Designs for Kevin McCloud – which just won’t do!