Renovators Home and Contents Insurance

Renovators Home & Contents is a joint product designed to insure your clients home, renovation & contents when using a registered builder to renovate/extend their home.

Renovators Home and Contents is a job specific policy whereby the homeowner or builder can insure the renovation and existing home plus contents in the one policy.

Home & Contents policies go into suspension once, e.g. $20,000 – $50,000 contract by a registered builder is in place. Therefore your clients have NO insurance on their Home & Contents including no Public Liability Insurance in the event of an accident from an uninvited ‘guest’.

Renovators Home & Contents is in 3 sections.

1. Construction & Public Liability This covers the renovation/extension for the basic protections – fire, theft, storm, water & malicious damage together with Public Liability cover.

2. (Existing) home When renovations/extensions are over eg. $20,000 – $50,000 the home and contents insurer will suspend the home and contents policy because the home has become a building site, a dangerous & prone to theft site & until the project is completed it is outside the scope of the Home and Contents policy.

3. Contents (Optional)

This cover is conditional on the renovation/extension & existing home being insured. As the site is a building site, we have been able to secure an attractive contents cover.

By being a joint policy it cannot be separated, sections 1 & 2 are mandatory with Section 3 optional. As the builder you have the option of purchasing the policy and informing the homeowner that you have taken out cover for the renovation, existing Home & (Contents) as part of your contract works. Both you and the homeowner can be listed as the insured. If the homeowner wants to pay for the policy then you can exclude this job from your annual policy turnover. Either way you are both protected & now you have a happy client knowing their home is protected.

Do Builders have a duty of care to the homeowner when renovating? Read this article to find out more


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