If you’ve decided to project-manage your renovation, refurbishment or extension, it’s vital that you have the right renovation insurance in place.
Click here for our 10 Point Renovation and Property Project Insurance Checklist
Dream home or investment property, if you do opt to self-manage your renovation insurance in your project, you need to insure not only the existing structure but also the works in progress – as well as buying employer’s liability cover if labour-only sub-contractors are being employed direct. In addition, plant hire firms will require you to insure hired-in machinery before they’ll release equipment. And the problem of arranging insurance for unoccupied properties pending and during renovation has often been an issue for buyers trying to complete on a sale. Listed properties and barn conversions are a particular problem under most home-builder policies.
Often insurers will only offer fire cover, which won't meet a lender’s requirements, leaving buyers faced with a limited range of highly expensive insurance policies - some costing ten times the standard rate or more. Renovators also need to have some public liability insurance cover in place to ensure that if a contractor or other person injures themselves in the property, they won't be fighting a civil action alone.
La Playa’s Renovation Insurance provides a flexible and comprehensive solution for renovators, including cover for:
Don’t let “computer says no” insurers put you off your dream project – email us for a "can do" approach and a competitive quotation.
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Careful listening to really understand your needs and priorities
As much help as you need with completing forms to provide risk information
A discreet and complimentary appraisal* to assess the risks and ensure you have the right coverage where you need it
An independent market review - so you don’t have to shop around comparing policies, cover limits, risks covered and smallprint exclusions
Careful monitoring of the carriers’ financial strength, claims and customer service
An independent recommendation of the best policy for you - and why
Specialist policy wordings from underwriters who have demonstrated excellence and deep understanding of your risk exposures. We have analyzed a wide range of policy wordings and have selected only the best for our panel. Our advisers have a deep working knowledge of these policies
*subject to insurer availability
An intelligently designed portfolio of protection across multiple asset classes, liabilities and territories
Advice on how best to manage your risks - to keep you safe but also to keep insurance costs down
A dedicated adviser so you can speak to the same person each time.
Expert guidance on valuations, security and risk management, and connecting you with specialist advisers and suppliers
Direct phone and email access to your adviser for questions and advice.
Policy documents emailed to you - no logins and passwords to remember
An advocate beside you if you make a claim - thinking laterally to mitigate the impact, making useful connections to get you back up and running, and driving through a swift financial settlement
As an independent broker, we can advise on the best policies available - and on risk management measures including valuations, security, fire prevention and property marking - preserving the value of your property and giving you complete peace of mind. We have access to excellent terms with high net worth insurers including Chubb, Hiscox and Covea.