avoiding costly extension, home improvement & renovation insurance pitalls
DESCRIPTION
Simon Middleton's 2012 Masterclass slides at the National Home Improvement Show, Olympia London 2012.TRANSCRIPT
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Avoiding costly
Extension, Home
Improvement and
Renovation project insurance
pitfalls
• Extension• Renovation• Conversion • Improvement• Self Build
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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
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Home Insurance
EXCLUD
ESthis!
Extension Insurance
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Home Insurance Exclusions
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Remember, the project you are
embarking on is unique, so deal with an expert
that understan
ds that.
Self-Build Insurance
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£270,000
£561 premium
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Site Insurance
Legal Expenses
Structural Warranty
New Build
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Site Insurance
Existing Structure
Legal Expenses
Possibly a Structural Warranty
ConversionExtension
RenovationFlat Conversion
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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
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New Works
Public Liability
Employers Liability
Plant & Equipment
Caravan & Contents
Personal Possessions
Personal Accident & Broken Bones
Legal Expenses
Has work started?
Site Insurance
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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.
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Party Wall Liability
You are contractually responsible for damage
to the Party Wall so make sure it’s covered.
Some general tips...
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Claims
Some general tips...
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ID Visitors/Delivery Drivers
Out of Sight out of Mind
Some general tips...Security
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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
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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
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My contractor has Insurance already, do I need Site Insurance?
FAQ
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Do I have to have Site Insurance or a Structural
Warranty?
FAQ
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Thanks for listening, are there any questions?
We are on stand
D65