Residential Building Works home insurance
Why HomeWorks? When notifying their current household insurer of a significant home renovation, particularly where insurance cover is prescribed by contract, homeowners can frequently find themselves faced with numerous difficulties.
Home insurers are often unable to accept the risk of insuring what is effectively a building site with all the inherent risks that then brings:
Depending on the circumstances, some insurers will look to stop covering the property and come off risk.
Alternatively, an insurer may provide some cover on the existing house but this is usually on a vastly reduced and highly restricted basis. This then puts the homeowner at risk of being in breach of any contractual obligations that may apply to the contract.