Standard building insurance or renovation insurance

Nile_E_Coyote

Anybody got  any knowledge on this stuff? We are about to complete on a property that needs a rewire, a new central heating system and some repairs to the roof.

We can't find definitive answers to whether this will require specialist renovation insurance or notifying a standard policy? All the links around renovations talks about the property being unoccupied and/or extensions etc. Neither of these will apply to me.

Really unsure what to do tbh. Also, excuse my ignorance but is renovation insurance something you can set up for like 2 weeks at a time alongside a regular insurance to cover a specific job, if needs be?

Thanks

justworriedabit

Here

https://www.moneysupermarket.com/home-insurance/renovation/

davilown

You’ll need to phone the insurance company to tell them what work you are doing and how long it will take.

They’ll then make a note, probably not cover you for any theft loses if property not secure.

You can the phone up and change it back

Nile_E_Coyote

Thanks both, that helps alot.

AdrianC

Nile_E_Coyote said:

Anybody got  any knowledge on this stuff? We are about to complete on a property that needs a rewire, a new central heating system and some repairs to the roof.

We can't find definitive answers to whether this will require specialist renovation insurance or notifying a standard policy? All the links around renovations talks about the property being unoccupied and/or extensions etc. Neither of these will apply to me.

Really unsure what to do tbh. Also, excuse my ignorance but is renovation insurance something you can set up for like 2 weeks at a time alongside a regular insurance to cover a specific job, if needs be?

Doing a bit of work on the place while you're living there is not what would tip an insurer into refusing a normal policy.

Renovation insurance is needed when the place is empty, insecure, piles of materials around...

Nile_E_Coyote

AdrianC said:

Nile_E_Coyote said:

Anybody got  any knowledge on this stuff? We are about to complete on a property that needs a rewire, a new central heating system and some repairs to the roof.

We can't find definitive answers to whether this will require specialist renovation insurance or notifying a standard policy? All the links around renovations talks about the property being unoccupied and/or extensions etc. Neither of these will apply to me.

Really unsure what to do tbh. Also, excuse my ignorance but is renovation insurance something you can set up for like 2 weeks at a time alongside a regular insurance to cover a specific job, if needs be?

Doing a bit of work on the place while you're living there is not what would tip an insurer into refusing a normal policy.

Renovation insurance is needed when the place is empty, insecure, piles of materials around...

Thanks, makes sense that's the case but thought it was worth checking.

Jon_Tay

Nearly all home insurance policies will have an exclusion with respect to construction works. Unfortunately the ‘devil is in the detail’ as to what you’ve described will be specifically excluded. It’s also not uncommon for different home insurers to take different views, so it does depend who your with.  Agree with the previous comment about speaking with your provider. 

If the work being undertaken falls outside the scope of your home insurance. You should ensure Contract Works Insurance under a Contractors All Risk Insurance policy is purchased by your contractor. The policy can be purchased for the length of the project, however your contractor may already have an annual policy in place that covers the value of the work.