Premiums depend on many risk factors including project cost, project type, rebuild values and duration. The premium reflects the risk and potential claims exposure of the project. • Renovation 500: £500 (existing structures up to £450k rebuild cost and works up to £250k – 6 months max) • Renovation 950: £950 (existing structures up to […]
Archives: FAQs
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Can contents be covered?
General contents insurance can be offered during works, subject to certain conditions and inner limits. Coverage excludes contents away from the premises, fine art, or jewellery. Existing home insurers might provide more comprehensive contents cover during works, especially if the home is vacated during the contract period. […]
Is accidental damage covered?
Yes – our policies cover sudden, unforeseen, accidental damage, and this is one of our most common claims. […]
Do you guarantee the work?
No, our policy does not guarantee the work of the contractor, the quality of the work, or that the contractor will complete the work. […]
Is defective workmanship covered?
Defects are a contractual matter between you and the contractor. Works insurance does not guarantee the quality of the work, so defective property is not covered. Insurance covers sudden, unforeseen accidental damage so would cover damage to insured property which is defect free and is damaged by the defective property. The standard insurance coverage may […]
My contractor has works insurance; why should I also take out works insurance?
Relying solely on a contractor’s insurance means you lack control over the claims process. Claims can be complex, and any coverage gaps could leave you unprotected. By securing your own insurance, you maintain control and peace of mind. A JCT contract clarifies insurance responsibilities during the contract period; consult your architect to administer a JCT […]
Can I rely on the contractor’s insurance?
Contractors don’t always understand what insurance provision they have and how you will be paid if there is a problem during the works. Contractor’s often use the term ‘Fully Insured’ without understanding what you expect that to mean. If your contractor has simple Public and Employer’s Liability insurance, it won’t cover your home and it […]
If the contractor has works insurance, would there be dual insurance?
No. If Renovation Underwriting provides a policy specifically for your works contract, it will be the primary insurance. […]
What insurance should the contractor have?
This depends on their individual requirements but typically, contractors should hold: • Public Liability: For claims from non-employees. • Employer’s Liability: If they have employees. • Professional Indemnity: If they provide design services. […]
What is a JCT contract?
The Joint Contracts Tribunal (JCT) produce contracts for construction projects. The contracts set out the responsibilities of all contracting parties, so it is understood what work is to be done, who is doing it, how long it is going to take and how much it is going to cost. Crucially, the contracts also provide a […]
