What does home renovation insurance cover?
House renovation insurance covers additional risks during building and renovation, including risks such as accidental damage, theft, fire and damage to works in progress, depending on the policy. Your existing home insurance may continue to cover parts of the property that are not affected by the works, subject to the terms and conditions agreed with your insurer. In contrast, home renovation insurance protects the work areas while renovations are underway.
Depending on the policy you choose, it may also provide financial protection for damage to neighbouring properties and help with alternative accommodation costs during building works, where an insured event makes the property uninhabitable.
What isn't covered
Every policy is different, and your broker can advise you on any restrictions on cover. Generally, with home renovation insurance, claims arising from poor workmanship, design defects or contractor negligence may be excluded, depending on the circumstances and policy wording.
Different types of policies to consider
At Park Insurance, we’re experienced in finding the most appropriate, competitively priced policies for our customers. As a preferred broker to some of the UK’s largest insurance providers, we can source different types of policies. These include:
- Insurance portfolios for homeowners – These can include contents insurance, legal expenses cover, accidental damage cover, and house renovation insurance that suits the specific needs and conditions of your building work.
- Insurance for tradespeople – If a householder contracts you to carry out renovations, our trades insurance packages contain cover for every type of situation, including public liability insurance, contractor's insurance, and builders' insurance.
Can I live in my house during renovations with the same insurance?
You may be able to remain in your home during renovations, but this depends on the nature and extent of the works and your insurer’s requirements.
Build a better future with Park Insurance
For over 30 years, Park Insurance has worked with homeowners and builders to offer home building and contents insurance, including house renovation insurance. If you’re planning to renovate your home and are looking for home insurance while renovating, or if you’re a building contractor who needs to expand an insurance portfolio to cover renovation works, contact us today or use our online Get A Quote service for a free, no-obligation quote.