Renovation Insurance

Renovating should be exciting, but unfortunately it doesn’t always go to plan. We specialise in protecting renovations, restorations, extensions, conversions, self-builds and new-builds, so with our tailored insurance you’ll have the support you need from a partner you trust. Head to ourblog to find out more about high value renovation projects, for an informative look at the renovation insurance sector and for an outline of key areas of consideration for those involved in the process. We’re the UK’s largest architectural service for everyday homeowners. We provide home surveys, planning drawings, planning submission and building regulations. We reward borrowers whose properties are energy efficient with our C-Change discounts off our Variable Rate which helps them save money on their mortgage.

  • This is especially the case when you start ripping out old fixtures and fittings, which can reveal things like damaged brickwork and rotten floor joists.
  • While the mantra ‘live and learn’ may apply to some new ventures, when it comes to your home, you’re probably going to want to exercise some more caution.
  • This will not only ensure you avoid a bad payment plan, it’ll also help map out your potential budget.
  • Online search engines are the easiest way of finding suitable properties, although it should be borne in mind that agents may not be aware of the true potential of some properties.

With different types of restoration it can be quite confusing when selecting the correct insurance policy for your project. We have outlined the 3 main types of restoration that you may require specialist insurance cover for. Plan is a BIBA approved scheme for specialist renovation insurance catering for both private and commercial clients. It is a long-established, market leading insurance scheme that has provided peace of mind for thousands of clients over the years.

What are the hidden costs of a fixer

Other permissions may also be required, such as listed building consent, conservation area consent, landlord approval, party wall act agreement, and so on. Renovation must also be a key component of Europe’s green recovery from this economic crisis. With the EU Green Deal flagship policy the Renovation Wave, the European Commission has committed to renovating 35 million buildings by 2030. This will further boost Europe’s energy renovation sector, which already has a turnover of €109 billion and represents over 800,000 jobs, according to Renovate Europe. The sector will help to drive the EU economy; creating jobs, mostly within SMEs.


These often also cover adding extensions within certain limits – which depend on what type of property you have – while you can also build a garage, replace windows and doors, pave your driveway and put up gates and walls. There may be conditions or limitations attached though, while you need to ensure you comply with party wall agreements, so it’s obviously worth checking what you plan to do before commencing work. If it’s not, you’ll need to add in the cost of paying the mortgage and living somewhere else while the work’s carried out. Rental costs can be high, while you’ll also need to agree a short-term contract if you start a new rental agreement.

Secure the building

Ordering extra materials can incur time delays and additional costs. It’s kind to glass – Because it contains a low level chlorine release agent and a non-caustic detergent. High levels of caustic detergent and chlorine will cause the surface of the glass to be eroded faster thus reducing the lifespan of the glass. Our Premier Policy provides a ‘wider perils’ solution and is designed for renovators who are carrying out small to medium sized projects. If you are about to begin building from the ground up, we have outlined some points to guide you through self-build insurance for your project. Why do you need to consider a specialist renovation insurance policy?

If these are not included in your policy, your reinstatement cost could far exceed your insurance, leaving you unable to complete your project if something should go wrong. Once your works are complete, we’ll remove the extra cover and your Hiscox home insurance policy continues uninterrupted. A project manager can be a huge help for a first time resonator, especially if you’re tackling a large-scale project.

So, not only can you enjoy reduced energy bills while shrinking your carbon footprint, you can get a lower rate on your mortgage, too. In this project, a rolltop bath and small vanity unit have been placed in the low sections of the room. So, before you start any work, you’ll need to establish, with your builder or contractor, how they are going to get large machinery on to the site of your property. Period features can often add value to a property, so if you’re thinking of selling in the near future, you might wish to keep or refurbish things like ornate fireplaces, tiled floors or decorative mouldings. So, it’s always worth factoring in just how old a property is before considering buying it to renovate. Your builder should honour any snagging issues and return to rectify them after the house has settled for a few weeks or months at no extra cost.


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