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Self Build Site Insurance
Site insurance is of fundamental
importance when investing your money into property especially as the
sums are almost always five or six figures.
Whether your project is a conversion, renovation, extension or a new
build you will invariably need comprehensive protection for both the
building and the rest of the site.
You must protect the existing structure (if there is one) as well as
all the new work against such losses as fire, theft, flood, storm
damage, vandalism and accidental damage.
Don't just rely on your standard building insurance to cover the
cost of any loss as, more often than not, they will not pay out on a
loss involving a property under development.
Better to be safe....
It goes without saying that the majority of builds go from start to
finish without the need to make any claim but, should the worst
happen, you can have complete peace of mind that our site insurance
will reduce your level of liability to an absolute minimum.
The Self Build
Insurance Covers You For :
A full 12, 18 or 24 months depending on your choice.
This may sound like more time than you need but it does
mean you can purchase the cover as soon as you buy the land and
therefore be covered for public liability straight away. It also
means that any existing structure will also be covered even before
building begins. In addition to this, you have the flexibility for
your build to over-run from the average 9-12 months without having
to renew your insurance. If you find your project over-runs, we can
provide short term extension policies.
Building Works, Temporary Works and Materials
Protected against all risks up to 125% of the professional
reinstatement cost.
(The professional reinstatement cost is the amount required to do
all the building works again, using professional labour, if a total
loss occurred at the end of the build. Land and existing structures
are not included in this figure.)
Existing Structure (on Conversions, Renovations,
Extensions)
Protected against all risks including damage caused by the new work.
Up to 110% of the professional reinstatement cost.
(The professional reinstatement cost is the amount required to
rebuild the existing structure, using professional labour, if a
total loss occurs. Land and new work are not included in this
figure.)
Own and Hired Plant, Tools and Equipment
Protected against all risks up to £50,000
Residential Caravan and Contents, Site Huts and Temporary
Buildings
Protected against all risks up to £50,000
Employees' Tools and Personal Effects
Protected against all risks up to £2,000 (£500 per
employee)
Employer's Liability
Providing you with protection should you be required to pay
compensation for bodily injury, disease, death or nervous shock by
any of your employees in connection with the project.
Public Liability
Providing you with protection should you be required to pay
compensation to any third party for bodily injury or death, or
damage to property arising out of building works. Up to £5,000,000
Legal Expenses Our legal advisors are on hand to
help you with any contractual disputes with professionals, local
authorities, suppliers or contractors involved in the project as
well as with eviction actions. Limit of indemnity is £50,000.
Example : Refusal of a supplier to accept responsibility for errors
in a product.
Personal Possessions
Sometimes it is necessary to live on site or with friends
during the project which may leave your personal possessions without
cover under your normal Home & Contents insurance. We provide you
with cover of up to £5,000.
Personal Accident & Broken Bones
Compensation of up to £20,000 for you and your immediate
family against temporary or permanent disablement caused by any
accident, anywhere and at any time during the period of the project.
Click here for a competitive
Self Build Insurance Quote
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