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.
Charles McDowell, Owner/Founder, Charles McDowell Properties
La Playa's Personal Risk Concierge service means advice you can trust - from an expert who understands you:
Independent and specialist
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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We see insurance as integral to your financial planning - and our in-house financial advice team provides Wealth Management, Pensions and Financial Planning; a joined up approach with a team of advisers working for your best financial interests - all under one roof.
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La Playa’s Personal Risk Concierge means:
*subject to availability with our insurer panel