Do I need self-build insurance!?

[richo106]

Hi All

 

We are starting work on our bungalow conversion in the next few weeks

 

I will be project manager, ordering all materials etc.. they will be stored on site but will be sat there a few weeks until the builders actually start

 

Basically we will be taking the roof off and adding another floor to make it house

 

I will be organising getting the different trades in etc..

 

Do i need any insurance at all? The total floor area is around 250m2 and quotes are coming back at £2k for 18 months

 

What would people recommend in my situation?

 

Thanks again

[Mr Punter]

Yes, get insurance.  The main purpose is for claims made against you for personal injury, death and damage to your own and 3rd party property.  It should also cover you if the subbies insurance is not adequate.

[markc]

As above, you never know what’s going to happen, I’ve seen walls and roof structures go over, drains collapsed by excavators and tele handlers plus countless subbie accidents.

[Janey]

It's also worth getting legal cover incase you get into a dispute with your window company as we have.

 

[PeterW]

Yes plus your mortgage company will require their asset to be insured irrespective of the state it is in. 

[richo106]

I have tried protek and buildstore, the premium is coming back quite high

 

Are there any other companies to try?

 

Is it better to ring them up rather than the online forms?

 

Thanks again

[SimonD]

I think that at about £110 per month it's close to the going rate, but insurance rates do seem to be going up recently. The Protek one at least is an all risks policy with pretty comprehensive cover, including material theft, owned tools and plant, plus the rate for adding hired in plant is very good. Mine even covered the caravan if it got squashed. I'd call them.