Home Owner Renovators Insurance
Policy Covers
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.
Renovators Home and Contents is a joint product designed to insure your home, renovation and contents when using a registered builder to renovate/extend your home.
(Existing) home – when renovations/extensions are over eg. $20,000 – $50,000 the home and contents insurer will suspend your 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.
What’s covered in the Policy:
BONUS Cover:
- $5,000 tools
- Worker to worker
- Subbies
- Adjoining property
- Low excess
- All types of constructions Covered – Contents, Renovations/Extensions, existing home
- Vandalism
- Storm
- Public Liability $5,$10, $20 million
- Water Damage
- Theft
- Renovations and Extensions
- Fire
- Flood
Remember…
Renovators Home & Contents is in 3 sections.
1. Construction & Public Liability
2. (Existing) home
3. Contents
This cover is conditional on the renovation/extension and 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. As the homeowner you have the option of purchasing the policy and informing the builder that he does not need to include your job as part of his contract works insurance policy. Both you and the builder can be listed as the insured, or you can pay the builder to arrange the policy.
Hot Tip
Check with your Home & Contents policy to see whether they will continue to insure your existing home (not being renovated) your contents and full public liability cover?Or ring the insurer and ask“Am I covered for –
- Storm damage
- Theft
- Vandalism
- And Public Liability, if someone comes onto my site and injurers themselves”
Then get it in writing!And remember… There is no excuse for not doing your homework because the last thing you want is for a claim to happen and to be denied because you ‘thought’ you were covered!
BuildSafe Insurance Brokers provide specialised insurance for builders, owner builders, renovators, tradesmen and building industry professionals…
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