Warranties -if you are buying
a new house, be sure to demand a warranty from NHBC, whose Buildmark
warranty protects 85% of new houses in the UK, or something comparable.
Likewise, if you are a self builder you will similarly need a
warranty, both to achieve funding and should you sell the property
Self builders will need to
take out Building Site Insurance, covering the part complete
building, the site, materials and equipment, employers liability
and third third party risks. Building sites are notoriously prone
to accident, and the last thing you need is to answer a personal
claim while you are struggling to complete your project.
NHBC -leading provider of warranties for
NHBC Solo -warranty for self build projects -this may
form part of your martgage arrangement.
-leading warranty and insurance provider for new homes including
self build projects.
Zone -specialise in
self-build Structural warranties which do not require additional
inspections and include legal expenses and environmental impairment
liability at a competitive premium.
-building guarantees, including warranties for self builders.
-a specialist insurance broker founded in 1965 by Murray Armor
who also wrote one of the industry's leading selfbuild titles.
-public liability, employers liability and contractor's all risks
Household insurance in the
UK covers two areas -the building itself, and its contents. Typically
a policy will cover fire, flood, subsidence, accidental damage,
breakage, theft etc -checking the small print to see exactly
what you are covered for. The cost of cover depends upon a number
of criteria -value of the property, whether you are detached,
semi or terraced, location (London is the most expensive). Make
sure the amount insured covers the full cost of renovation, including
things like architects fees -the time you have to make a claim
is not the time you want to be worrying about this.
There are a
huge number of banks and insurance companies offering house and
contents insurance. We have listed a few of the major providers
below, but do suggest you shop around. For information on ethical
policies have a look at EIRIS