Self Build Insurance

This is one area that you should not avoid. As a self builder, you invest a lot of money into your project and you need to make sure that your investment is safe from the start of the project.

Do not be one of those people who think that it would probably not happen to me, you need to make sure that you protect your investment by insuring your project against anything that can go wrong from start to finish.

We have heard of so many cases where self builders avoided taking a policy and they have ended up losing all their investment through legal and public liabilities and legal fees, do not let yourself to end up one of these cases.

A self Build insurance policy only costs a fraction of your total cost, do shop around and look for a good policy from reputable companies.

A Self Build Insurance is a comprehensive cover for your self build. It gives you peace of mind that should something go wrong with any area of your project, you will be covered.

A good self Build insurance will cover you for:

• Construction Works, Material, Plant, Tools, Equipment
• Caravans, Site Huts and Contents
• Legal Liabilities, including Public and Employers Liability
• Legal Expenses
• All risks on Personal Possessions whilst away from the home
• Personal Accident
• Health and Safety

Most policies would cover you for 12 months and some for 24 months. You need to make sure that if your project takes longer than two years, you have the option of extending the policy.

Make sure that your policy starts from the exchange of contract to the date that you move in to the house.

Some insurance companies would also allow you to convert the policy into building insurance if your house is finished before the date that the policy expires.

Before you take out any policy, shop around and get quotations for the amount that you need to cover for the build but remember that the cheapest is not necessarily the best.

Look into the options that is offered and the sums that the policy covers for each individual situation.

Please Note:
If you have to make a cut back somewhere else, do it but do not leave out the
Self Build Insurance in your project.