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Key Advice for Insuring Your Home Renovations

27 April 2018

Home insurers are often unable to accept the risk of insuring a home if it is undergoing works in excess of £50,000.


Insurers identify that the risk has materially changed and the home is now effectively a building site. This change can leave your home uninsured if, for example, a fire breaks out unrelated to the building works. Therefore it's important that you should remain in control of the insurance arrangements for your contract works and not rely on a contractor’s insurance to provide cover for your home.


Valuable Assets

Our clients’ homes are often their most valuable asset. With many rebuild values in excess of £1m, they have many things to think about when planning works. Insurance isn’t always at the top of the list, but this is where we can help. We advise how to effectively protect the existing structure and insure the contract works under one insurance policy. Which ensures there no gaps in insurance cover or grey areas. This allows a cleaner, simpler claims process, should an incident occur.

Whether the property is listed, a home of heritage status, a country or townhouse, we work with specialist insurers flexible enough to offer competitive and comprehensive cover.


Specialist Knowledge

Our expert team have specialist knowledge providing insurance solutions to homeowners who are undertaking high-value renovation or extension works. We work with homeowners, architects and project managers to deliver tailor-made policies from flexible and specialist insurers. The insurance takes into account specific features of the existing structure of the home, its contents and the contract works. These include requirements set out by JCT contracts where applicable, under one ‘all risks’ policy.



Complex Risks

Heritage and period properties can often present the most challenging circumstances with high-value rebuilds. We have placed insurance for private homes in Scotland with rebuild figures in excess of £20m which are having millions of pounds spent on renovation.


New Products on the Market

Today, many homeowners buy a home that they then wish to extensively re-modernise, added to which many homeowners would rather ‘improve’ than ‘move’. We have access to insurers who unlike most, are able to continue to insure a client’s buildings, contents and liabilities within their home policy and combine with this the building works on an all risks basis up to a contract value of £5m and beyond if required.


Get in Touch

It costs nothing to get a no-obligation review of your current insurances and a taking a few minutes to contact us could save you thousands of pounds if a claim arises.


Alexandra Richards, Private Clients Development Executive at Bruce Stevenson Insurance Brokers

Alexandra Richards

Private Clients Development Executive




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