Protecting your project: Insurance & warranties.

New build Conversion Renovation Extension I I I

Workshop Session

Different projects - What do you need to know?

New BuildRenovation

Extension

Conversion Important Point

Your project is unique so speak to an expert that understands that.

None of these projects are covered by home

insurance!

New build Conversion Renovation Extension I I I

What should be covered during the project?

New build Conversion Renovation Extension

Site InsuranceNew WorksTemporary WorksMaterialsPlant & EquipmentCaravan & ContentsPersonal PossessionsPublic LiabilityEmployers Liability

New conversion worksTemporary worksMaterialsPlant & equipmentCaravan & contentsPersonal possessionsPublic liabilityEmployers liability+The existing structure

New renovation worksTemporary worksMaterialsPlant & equipmentCaravan & contentsPersonal possessionsPublic liabilityEmployers liability+The house or existing structure

New extension worksTemporary worksMaterialsPlant & equipmentPersonal possessionsPublic liabilityEmployers liability+The house

Site InsuranceNew WorksTemporary WorksMaterialsPlant & EquipmentCaravan & ContentsPersonal PossessionsPublic LiabilityEmployers Liability

New conversion worksTemporary worksMaterialsPlant & equipmentCaravan & contentsPersonal possessionsPublic liabilityEmployers liability+The existing structure

New renovation worksTemporary worksMaterialsPlant & equipmentCaravan & contentsPersonal possessionsPublic liabilityEmployers liability+The house or existing structure

New extension worksTemporary worksMaterialsPlant & equipmentPersonal possessionsPublic liabilityEmployers liability+The house

• Arrange insurance from the time you exchange on the plot or building.

• Insure for the professional reinstatement cost.

• Existing structures• Hire agreements• Cover duration

Important Points

What needs to be covered during the project?

New build Conversion Renovation Extension

Legal ExpensesContract disputesEviction of squatters

Contract disputesEviction of squatters

Contract disputesEviction of squatters

Contract disputesEviction of squatters

Legal ExpensesContract disputesEviction of squatters

Contract disputesEviction of squatters

Contract disputesEviction of squatters

Contract disputesEviction of squatters

• Contracts must be evidenced in writing

Important Points

What needs to be covered during the project?

• Underpinning, basements, retaining walls, loft conversion and renovation projects can all feature party wall liability.

• Tell the site insurance provider.

Important PointsNew build Conversion Renovation Extension

Party Wall LiabilityIf your are proposing to carry out work within 3 or 6 metres of a party or boundary wall your will invariably have to consider your liability under the Party Wall Act 1996. Under the terms of the Act, your neighbour has a right to be compensated for any loss or damage caused by your relevant works. So should you cause damage to the neighbouring property inadvertently public liability does not provide protection as it is a foreseeable loss.However cover for your contractual liability can be included under Site Insurance as an option on any project where you have evidence of a party wall agreement in place

Party Wall LiabilityIf your are proposing to carry out work within 3 or 6 metres of a party or boundary wall your will invariably have to consider your liability under the Party Wall Act 1996. Under the terms of the Act, your neighbour has a right to be compensated for any loss or damage caused by your relevant works. So should you cause damage to the neighbouring property inadvertently public liability does not provide protection as it is a foreseeable loss.However cover for your contractual liability can be included under Site Insurance as an option on any project where you have evidence of a party wall agreement in place

What about a Structural Warranty?

• Don’t rely on an architects certificate.

• You will need it for a mortgage.

• Can include building control – saving you money.

• Arrange it early on as they get more expensive the longer you leave it.

Important PointsNew build Conversion Renovation Extension

Structural Warranty10 Year cover against defects in the design, workmanship, materials and components utilised in the project causing major damage.Defective weatherproofingChimney & fluesDefective drainageHealth & safety of occupantsContaminated land

Technical Audit or Building ControlIn all instances the warranty provider will need to check the design, calculations and workmanship of the building works. This is carried out in the form of a Technical Audit. Ask you warranty provider to provide a Building Control quotation as this can often save you money.

Structural Warranty10 Year cover against defects in the design, workmanship, materials and components utilised in the project causing major damage.Defective weatherproofingChimney & fluesDefective drainageHealth & safety of occupantsContaminated land

Technical Audit or Building ControlIn all instances the warranty provider will need to check the design, calculations and workmanship of the building works. This is carried out in the form of a Technical Audit. Ask you warranty provider to provide a Building Control quotation as this can often save you money.

Stuff you need to know

Plant tools and equipment

CDM (Health & safety)

Indemnity

Tips to avoid theft from your site.

What to do if you suffer a loss.

Contracts – use them!

My home insurer said they will cover my

extension…

Friends helping on site.

My contractor has insurance…

Ask me some questions!

New build Conversion Renovation Extension I I I

Workshop Session

SELF BUILD INSURANCE SITE INSURANCE STRUCTURAL WARRANTY LEGAL EXPENSES

We are on stand E18

Your project, covered your way.Quotes & cover available online.

www.protekselfbuild.co.uk