Renovating a house - What insurance?

Martin Carroll · 2005-07-18T17:41:08+00:00

Had a search and this doesn't seem to have been asked before. On Friday I take possession of the keys of a house I am planning torenovate (and then sell). I understand that the Bank want normal building cover as they arehelping me finance the project but I need to properly understand whatother liabilities I have. The house will be unoccupied for the period of the renovation andtherefore the only buildings cover I can get is Property Ownersliability which only covers for Fire, lightening, Earthquake andAircraft Strike. I am still not clear whether this also covers me forany damage to neighbouring properties (people) that I might cause. I will be doing a lot of the work myself and am expecting any subbies tocarry there own insurance (Do I need to confirm this with them?).However I will be getting my son's (and probably some of their friends)to help me strip the place out. Does this mean I need to go forcontract works cover as well to cover me if they get injured whilsthelping me? Any pointers in the right direction gratefully accepted. Cheers Martin

Jul 18, 2005 20 Replies

Rate this thread:

Saved reading

Lobster 21 years ago

mm, not surprised...

Why is that an issue? If what you're wanting is essentially insurance for the period *before* you sell, rent, or live in the property, what does it matter to the insurers what you intend to do with it afterwards?

If it is a sticking point, what's to stop you deciding now to rent the place out, but later on when all the work is done, maybe you have a change of heart and decide to flog it after all...?

Do keep us posted!

David

Vote