Owner Builder Insurance / Construction Insurance

This is similar to a Commercial Builders Contract Works Insurance Policy which covers the Building that has been built thus far against Fire, Storm, Theft, Malicious Damage & many other perils. It also covers Public Liability.

It is important when looking at these type of policies that you get a policy that includes Liability for your contractors as well as yourself and that the policy has a wording specific to owner builders and not just a Commercial Builders Wording with a few adjusted. Owner Builders have specific requirements and need to insure with an insurer that acknowledges and understand these risks. If you are renovating rather than building a whole new home for instance you may have some existing contents or existing building structures that need to be insured under this policy.

Many people do not think to tell their current Home & Contents Insurer of their renovations and insurers have exclusions in their wordings if works are being undertaken above a certain amount.

If you are looking to undertake construction works at your home as an owner builder we suggest contacting a broker who specialises in this type of work such as the staff at Competitive Insurance Solutions.