What insurances do you need to consider when having a house extension?

If you are planning to carry out a home extension, then there are several insurance policies that should be considered. This is to ensure that you are adequately covered in the event of any unforeseen circumstances that may arise during the construction process. In this article, we will explore the different types of insurance policies that a homeowner should consider when carrying out a home extension.

1. Building Insurance

Building insurance is one of the most important insurance policies that a homeowner should consider when carrying out a home extension. This insurance policy will protect your property from damage caused by events such as fire, flood and other natural disasters. It is essential to ensure that your building insurance policy covers the cost of the extension that you plan to carry out. Once the extension is completed, you will also need to update your policy to reflect the changes that have been made to your property.

2. Public Liability Insurance

Public liability insurance is another type of insurance policy that homeowners should ensure their builder has in place when carrying out a home extension. This insurance policy will protect you/your contractor from any third-party claims that may arise during the extension process. For example, if a neighbour or a visitor on your property is injured as a result of the extension work, you may be liable for any compensation claims that they make. A public liability insurance policy will provide the necessary protection against such claims.

3. Contractors All Risk Insurance

Contractors all risk insurance is an insurance policy that is taken out by the contractor or the builder who will be carrying out the home extension work. However, it is important for homeowners to confirm that the contractor or builder has taken out this policy. This insurance policy will provide cover against any damage to your property or materials during the extension work. It will also cover any damage caused to neighbouring properties. Contractors all risk insurance also covers the contractor or builder against any compensation claims that may arise during the extension process.

4. Home Contents Insurance

Home contents insurance is an insurance policy that is often overlooked when carrying out a home extension. This insurance policy will protect the contents of your home against loss or damage during the extension process. It is important to ensure that your home contents insurance policy covers any items that will be moved or stored during the extension work. You should also make sure that your policy covers any new items that you purchase for your home as a result of the extension.

5. Warranty Insurance

Warranty insurance is an insurance policy that covers any defects or faults that occur in the work carried out during the extension process. Most reputable builders or contractors will offer a warranty period for their work, but it is always advisable to take out a warranty insurance policy to protect yourself against any issues that may arise after the work has been completed or the defects liability period from your builder has expired.

In conclusion, carrying out a home extension can be an exciting and rewarding experience. However, it is important to ensure that you and your property are adequately protected during the extension process. By taking out the appropriate insurance policies and ensuring your chosen contractor has adequate cover too, you can have peace of mind knowing that you are covered in the event of any unforeseen circumstances that may arise.

Can We Help You?

If you’re looking to find an experienced and reputable extension builder in Swindon, Wiltshire or surrounding areas then Extension Pro can help! We provide a complete design and build service specifically for home extensions, managing the entire process on your behalf…completing all the important steps for you in one easy, done for you, turnkey process! From the very first sketch design, visualisations, planning permission, structural design, project management, right through to construction…we have you covered!

If you’re looking to extend your property, then please get in touch with the Extension Pro team. We work with everyday homeowners in Swindon, Wiltshire, Gloucestershire and Oxfordshire to elevate their properties to the next level!