House Extension Insurance: Do you have the right insurance for your house extension or renovation?
Why should I insure my home extension or renovation?
So, it is best to have yourself covered in case of any unforeseen circumstances that could affect your plans. Your existing buildings insurance may cover you for daily risks that may incur, however it is not designed to cover large scale changes to your home.
Not only will you be financially invested in your home extension, but you are likely to be emotionally invested too…
It’s best to have yourself covered.
Your Home Insurance probably won’t cover your building work!
Most standard policies cover you as a homeowner but not as a builder. If you read the small print of most policies, you won’t be covered for extensions, renovations or leaving your property unoccupied for the building process.
Usually, inadequate or faulty work is not covered by home insurance. We always recommend doing your research and hiring the best people for your building work, but it is always worth looking into the necessary protection. An example of this could be if your building collapses when removing a wall, you won’t be covered as this will be seen as faulty workmanship. You could look to see if your builder would cover the damages, but this would rely on proof of negligence.
Do I need to tell my home insurance provider about my extension?
What will a home extension and renovation insurance policy cover you for?
Injuries or accidents on site
Theft of your contents or building materials
Materials and equipment that are kept at your home.
The property being unoccupied
Decided whether you are instructing the same builder for all your project:
If you are, they may have higher levels of their own insurance, which could adequately cover you, but you need to check this! It could mean that you pay less for your extension and renovation insurance.
If you are using multiple contractors, you will need to let your home extension insurers know to be covered.
Carry out thorough research on your choose your contractors: Check their reviews, or have they been recommended by a trusted party, friend or family member.