self build zone home improvement show 2012
DESCRIPTION
Avoiding costly Extension, Home Improvement and Renovation project insurance pitfalls.TRANSCRIPT
Avoiding costly Extension, Home Improvement and
Renovation project insurance pitfalls
• Extension• Renovation• Conversion • Improvement• Self Build
Whether it’s a barn or a house renovation it’s
definitely not a home yet - so don’t rely on home
insurance!
Renovation Insurance
Home Insurance
EXCLUDES
this!
Extension Insurance
Home Insurance Exclusions
Remember, the project you are embarking on is unique, so deal with an expert that understands
that.
Self-Build Insurance
£270,000
£561 premium
Site Insurance
Legal Expenses
Structural Warranty
New Build
Site Insurance
Existing Structure
Legal Expenses
Possibly a Structural Warranty
ConversionExtension
RenovationFlat Conversion
Site Insurance covers Extensions, Renovations,
Conversions and New Build projects and should be purchased when you exchange contracts on the plot or building you
wish to extend.
Site Insurance
New Works
Public Liability
Employers Liability
Plant & Equipment
Caravan & Contents
Personal Possessions
Personal Accident & Broken Bones
Legal Expenses
Has work started?
Site Insurance
Arrange this PRIOR to submitting a Building
Regulation Application to SAVE money.
Structural Warranty
We can cover properties that have been
completed and require a warranty retrospectively
to sell on.
Party Wall Liability
You are contractually responsible for damage
to the Party Wall so make sure it’s covered.
Some general tips...
Claims
Some general tips...
ID Visitors/Delivery Drivers
Out of Sight out of Mind
Some general tips...Security
Health & SafetySome general tips...
You will have duties under workplace health and safety law if:
a) you intend to sell the property on completion, in which case they would be considered to be a developer
b) you directly employs (even if only temporarily), workers to build the property
c) you choose to manage the project taking on contractors to do the work
Health & SafetySome general tips...
Your Involvement Application of Health & Safety at Work Legislation
Level 1Entirely DIY – not selling on completion
Level 2Self-managed with own labour & Subcontractors Level 3Self-managed with own subcontractors Level 4Kit Home with self-managed trades at the point the kit supplier hands over.
Level 5Watertight Shell with self-managed finishes at the point the contractor hands over.
Level 6Turnkey project with active client
Level 7Custom Homebuilding
My contractor has Insurance already, do I need Site Insurance?
FAQ
Do I have to have Site Insurance or a Structural
Warranty?
FAQ
Thanks for listening, are there any questions?
We are on stand
D65