HOME RENOVATION INSURANCE
Renovate safely, avoid risks and high expenses!
Home renovation insurance protects you, your neighbours, your home, workers, equipment, and much more, while you are making your dreams come true.
Home Renovation Insurance: Amazing Insurer For Your Safety
A renovation insurance policy is designed to provide cover for these risks, ensuring you are not left out of pocket if something goes wrong. Depending on your policy, renovation insurance covers a wide range of scenarios, from a serious fire damaging the entire property to a collapsed wall or even malicious damage to property caused only by forced entry.
Quick tour
WHY Home Renovation Insurance
Home renovation insurance covers the additional risks associated with renovation work.
Fail to secure proper insurance during renovations, and you risk catastrophic losses. Without specialized home renovation insurance, both the building and its contents lack protection against unforeseen damages.
Leaving your property unoccupied? Unoccupied property insurance becomes a necessity, guarding against vandalism and theft.
Neglect employer liability insurance at your peril if you hire workers—any accident could lead to ruinous legal and financial consequences.
The Coverage of Home Renovation Insurance
During renovation work, your property is exposed to additional risks that are not typically covered under standard home insurance policies. For example, your home might be left unoccupied, building materials could be damaged, or there could be accidental damage to your existing property.
Home renovation insurance typically includes
- Building insurance to cover the existing structure and any new works,
- Public liability insurance to cover you and other insurers if you’re legally liable for injury or property damage,
- Employers liability insurance if you’re employing people to work on your property.
It can also cover contents home insurance cover renovations, although the level of cover can vary depending on the policy and the extent of the renovation. For instance, if you’re renovating the kitchen, your policy might offer cover for your kitchen units.
If the property is going to be left unoccupied for any period during the renovation, you might need unoccupied property insurance.
FAQ
How much does renovation insurance cost?
The cost of renovation insurance varies widely depending on the scope of your renovation project, the value of your property, and the specific insurance provider. Compare quotes from different insurers to get a good deal.
What insurance do I need to renovate my house?
While undergoing renovations, you will need a specific home renovation insurance policy that covers the building work, and any contents, and also includes public liability insurance. You also require unoccupied property insurance if your home is left unoccupied during the renovation. Finally, if you employ individuals to carry out the work, you need employer liability insurance.
Does building insurance cover renovation?
Standard building insurance typically does not cover renovation projects. Any structural changes, major building works, or instances where the property is left unoccupied for an extended period may not be covered under a standard policy. This is why specific renovation insurance is necessary during such projects.
Employers Liability Insurance
If you hire people to carry out the renovation work, you will need employer liability insurance. It covers the cost of compensation if an employee gets injured or ill because of the work they’re doing for you.
Legal Expenses
Specific renovation insurance policies provide cover for legal expenses, helping to protect you financially in these situations.
Support
You might face legal action from a neighbour because of damage caused by renovations to their property, or disputes might arise with your contractor.
Property Owners Liability
Property owners liability cover is a vital part of any renovation insurance. It provides cover if you are held legally responsible for bodily injury or property damage caused to a third party. For example, if a wall collapses and damages a neighbour’s car, property owners liability can cover the cost of the damages.
How to Choose the Right Home Renovation Insurance
Choosing the right cover depends on the type and scale of your renovation project. For smaller home improvements, like kitchen upgrades or replacing windows, you might only need additional cover on your existing home insurance policy. For larger projects like a loft conversion or structural work, specialist renovation insurance cover may be required.
It’s important to compare quotes from different renovation insurance brokers to find the best deal. Look for policies that include public liability, accidental damage, and property owners liability. Your policy wording should be clear about what is and isn’t covered, especially for high-risk projects like major renovations.
Protecting Unoccupied Properties
If your home will be unoccupied for an extended period during renovations, make sure your renovation insurance covers this situation. Unoccupied properties are at higher risk for vandalism, theft, and structural damage, which may not be covered by standard home insurance policies. A home renovation insurance cover tailored to unoccupied properties will ensure you’re fully protected.
Common Risks in Home Renovations
Renovations increase the risk of damage to your property. Structural changes, like adding a new roof or carrying out loft conversions, may sometimes result in structural damage. Renovation insurance policies help mitigate the financial impact of such risks by providing cover for the cost of repairs.
Other potential risks include:
Fire or Water Damage: Caused by building work or contractor negligence.
Forcible Entry: If security is compromised during renovation, renovation cover will protect against theft or vandalism.
Legal Cover: Some policies provide cover for legal disputes arising from the renovation, such as conflicts with contractors.
Without the right insurance cover, even small issues during renovations may lead to hefty bills. Make sure to choose a renovation insurance policy that fits the scale of your project to avoid costly surprises.
Listed Buildings and Specialist Renovation Insurance
If you’re renovating a listed building, standard home insurance policies may not provide adequate cover. Listed buildings often require specialist renovation insurance to protect their unique structure. The cost of repair for listed properties may be higher, and they often face more stringent local authority regulations.
Home renovation insurance brokers will help you find policies that cover the specific requirements of listed buildings, ensuring your renovation is protected from start to finish.
Avoiding Risk Factors That Could Invalidate Your Policy
It’s vital to understand the terms of your renovation insurance policy to avoid any risk of invalidating it. Some common risk factors include:
Failing to notify your home insurance provider about planned renovations.
Not ensuring contractors have the right insurance.
Leaving the property unoccupied without proper cover.
Making sure that your insurance cover aligns with your renovation plans will help you stay protected. Most home insurance policies don’t automatically cover renovation work, so always check for specific renovation insurance policies.
Final Thoughts on Home Renovation Insurance
Home renovation insurance is essential for anyone undergoing a renovation project. Whether it’s a loft conversion, a new roof, or replacing windows, the right insurance policy covers the potential risks involved. Home renovation insurance ensures that your dream home is protected from unexpected damage and liability issues.
Make sure the keyword home renovation insurance is in the second sentence of the first and last paragraphs to meet the SEO requirements. Compare quotes, understand the risks, and choose the right cover to avoid any hefty bills that might arise from unforeseen problems during your renovation project. Protect your biggest asset by having the right home renovation insurance in place.