Starting a home renovation, extension, or new build is exciting—but it’s also a big investment. Here’s a guide to the extra insurances homeowners should consider before starting a building project:
1. Buildings Insurance
While many homeowners already have standard buildings insurance, it’s important to check that your policy covers building works. Major renovations, extensions, or structural changes can sometimes void standard coverage. Talk to your provider to ensure the policy includes:
- Damage during construction
- Theft or vandalism of materials
- Liability for accidental damage to neighbours’ property
2. Homeowner’s Liability Insurance
When building work is taking place, accidents can happen. Liability insurance protects you if someone is injured on your property or if damage occurs to a neighbour’s home. This is especially important if your project involves heavy machinery, scaffolding, or tradespeople working on-site.
3. Contract Works Insurance
Also known as Builder’s All Risk Insurance, this policy covers the physical construction work itself. It protects against:
- Fire, flood, or storm damage
- Theft or vandalism of building materials
- Accidental damage during construction
Some builders provide this as part of their service, but as a homeowner, you can take out your own policy to be extra safe.
4. Professional Indemnity Insurance
If your project involves architects, structural engineers, or other design professionals, Professional Indemnity Insurance protects you if their advice or plans lead to mistakes or defects. It covers the cost of correcting errors without having to take legal action.
5. Home Emergency Insurance
While not strictly for construction, Home Emergency Insurance can be a lifesaver if something goes wrong during your project—like a burst pipe, electrical fault, or heating breakdown. Some policies even cover urgent repairs during renovations.
6. Mortgage Lender Requirements
If your building project is being financed through a mortgage, your lender may require additional insurance. Always check with them to ensure your coverage meets their requirements—this could include extended buildings insurance or specialist policies for new builds.
Why Extra Insurance Matters
Even the most carefully planned project can go wrong. Accidents, weather damage, or errors from tradespeople can be costly, and insurance ensures you’re not left footing the bill alone. Think of it as a safety net for your investment—and your peace of mind.
Get Started with Confidence
Before you start your next home project, check your existing policies and consider extra coverage where needed. Pair this with a vetted, reliable builder, and you can enjoy your renovation knowing your project—and your home—are protected.
At Master Tradesmen, we connect you with local builders you can trust. Submit an enquiry at www.mastertradesmen.co.uk and get matched with up to four professionals for free.
