From our involvement with the Grand Designs Live shows in London and Birmingham; we know there are a lot of you out there that dream of doing a self build. There are multiple difficulties in finding suitable land for single projects so if a brand new self build dream house can’t be achieved; then doing very large extensions, including basements are now very popular too.
Your ‘to do’ list will no doubt have’ finding the right workmen and materials’ on; but it should also include ‘what insurances do I need’? And this is where we come in….
Self Build Insurance
It’s a given that contracts should be in place with your designer and builder and project manager, but don’t forget that insurance plays a vital role so don’t be caught out – get professional advice from us.
Self build projects will often involve the owner buying in the materials including; kitchen units, bathroom and light fittings and these won’t be covered by your builder’s insurance.
We can obtain cover for Employers Liability, Public and Products Liability, Contract Works (for the materials and equipment used in the build) and for any Plant that is hired in for the duration.
If you buy a new home, it should come with a Structural Insurance Warranty. Typically, these last 10 or 12 years; they are there to cover any defects that are not discovered until after completion of the build. Although many main contractors use the NHBC for this; self build clients may use a number of different tradespeople who won’t have any such warranty in place. This is cover is something they really need to arrange themselves.
We can quote and arrange cover for this at the start of the build process. The Structural Insurance Warranty provider undertakes a number of technical reviews during the build process to ensure all work is carried out to an acceptable standard. This is to reduce the chance of a claim, but cover can be arranged retrospectively if required.
Although a self builder probably intends to live in the house once built, circumstances can change; if the house is sold within the first 10 years, a prospective owner may refuse to buy if there is no Structural Insurance Warranty.
What our clients say…
“I’m just writing to thank you and your staff for all your help with arranging a structural warranty policy for my barn conversion project in North Wales. There were many complications with the project which had put off all the insurers I had approached through another well-known broker. Although the project was far from straightforward, you arranged a policy my mortgage company were happy with at very short notice at a very competitive price. I’m particularly grateful for your tireless efforts to keep me informed every step of the way and for your transparency and honesty throughout the process – something I found deeply lacking with your competitors. I am grateful that through the Ask An Expert stand at Grand Designs I was put in touch with your company. I will be sure to use you for future projects and to recommend you to friends and colleagues.”