Residential Building Works home insurance
We provide your client with a consistent basis of settlement because a single insurer underwrites the entire policy, under a single policy wording.
This means your client will avoid any potential “grey areas” in the event of claim and disputes that could arise with the client’s household insurer covering the existing structure and the contractor’s insurer covering the contract works. Each insurer would have their own policy wording and cover different perils, with different limits and exclusions. This could result in possible gaps or overlaps in the cover resulting in potential problems for your client when trying to resolve a claim.
In addition to that, each insurer is likely to appoint their own loss adjustor to work on their behalf, each trying to protect the position of their respective client.
Please note that claims are paid on an indemnity basis and not new for old.