Now online - new resources section with key updates & FAQs on Renovation Underwriting policies affected by Covid-19. Take a look
Managing risk is central to making it possible to underwrite this class of insurance effectively. We use a number of mechanisms to help policyholders enjoy the most uninterrupted projects.
The improvements we talk about don’t just translate into reduced claims payments, they mean that your clients benefit from being in their homes sooner and that an already very stressful process isn’t made worse by an uninsured loss.
We routinely survey risks where structure sums insured are over £1 million or the combined structure and works cover requirements are above £1.75 million
Fire is the biggest cause of major losses in our portfolio
Water damage is a major cause of large losses and lost time during contracts
Theft & Site Security
Building sites are easy targets for thieves
Subsidence and Ground Movement
Ground movement of any type is a major factor for home insurers but can be an issue on construction sites too
We don’t rely on flood mapping alone, but take a more holistic view to offer cover where it has previously been more difficult to secure