Insurance implications when renovating a property


May 2016

As we have previously advised, it is important to keep your insurance company up to date on what is happening at your empty property.


If you are having building works carried out, there are a number of considerations. Typical projects include loft conversions, extensions, re-roofing, or renovating the whole property. If the main structure of the property is being altered, such as the removal of load bearing walls, a single or double storey extension being built, or any alterations to the roof, insurers will need to know exactly what is being altered and in what way. Some restrictions may be put in place if the property is not weatherproof.


Insurers will often need to know a timescale for any works, and be provided with a start and finish date to give them an idea of how long the property is likely to remain unoccupied for. You must notify your insurance advisor if the works exceed the period of time expected. 


The cost of the project is also often a question an insurer will ask, which helps them determine the size of the renovation as a whole.


A further consideration is who is carrying out the works. If you are doing it yourself, you need to make sure that your insurance covers you for damage to the existing building. Additional cov er may be needed for loss or damage to the works themselves, any materials, and any plant or equipment being used.


Public Liability Insurance should also be considered to protect you against claims from third parties for injury or damage to their property, and if you are employing anyone it is a legal requirement that Employers Liability Insurance is arranged.


Next month we will consider the insurance implications of engaging a contractor to renovate your empty property. In the meantime, Sheila or Tracey at our Folkestone Office would be pleased to hear from you with your enquiries for unoccupied property insurance. They can be contacted at our Folkestone Office on 01303 290860.


Alternatively, if you wish to obtain a quotation online, please visit our quote and buy facility


Insurance implications when renovating a property


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