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 to renovate (and then sell). I understand that the Bank want normal building cover as they are helping me finance the project but I need to properly understand what other liabilities I have. The house will be unoccupied for the period of the renovation and therefore the only buildings cover I can get is Property Owners liability which only covers for Fire, lightening, Earthquake and Aircraft Strike. I am still not clear whether this also covers me for any damage to neighbouring properties (people) that I might cause. I will be doing a lot of the work myself and am expecting any subbies to carry 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 for contract works cover as well to cover me if they get injured whilst helping me? Any pointers in the right direction gratefully accepted. Cheers Martin
- posted
18 years ago