EverHopefull Posted January 8, 2019 Share Posted January 8, 2019 Hi, I am about to complete on my purchase of a near derelict bungalow and I am trying to establish what kind of insurance I need initially to cover third party injuries/accidents? The property will be demolished eventually. Once the architect/planners etc have been involved. At this stage all i want to do is protect the risks leading up to a main contractor taking over the whole build as a project. Would I be right in thinking that a "third party liablility" insurance is all that is required at this stage and has anyone had experience of such things? Ian Link to comment Share on other sites More sharing options...
epsilonGreedy Posted January 8, 2019 Share Posted January 8, 2019 You can mix and match the insured elements at the Protek self build insurance web site but at the end of the day their policy is geared to full cycle self build project risks and the monthly rate is much higher when the policy term is under 9 months. I guess you want something that does not mention self build i.e. cheaper 3rd party cover for land and an unoccupied building. Is the "near derelict bungalow" weather tight with lockable doors? Link to comment Share on other sites More sharing options...
EverHopefull Posted January 8, 2019 Author Share Posted January 8, 2019 Currently the property is weather tight and locked and secured. I am lucky as it is the plot next to my own house. I know the self build insurance covers everything but at this stage I need something just to protect it whilst I just sit and wait. Which reminds me, I need to look into what makes the building exempt from council tax pretty soon too! Link to comment Share on other sites More sharing options...
Nick1c Posted January 16, 2019 Share Posted January 16, 2019 We bought an old bungalow to demolish and insured it in the normal way with our existing house insurers in case of 3rd party claims. Understandably they weren't keen to offer rebuild cover!!! i asked Cornwall council about council tax, they said that the building has to be uninhabitable & that meant the roof had to come off. This happened just before new year & I sent pics to prove it, no word from them so far... W. Sussex may have different criteria. Link to comment Share on other sites More sharing options...
newhome Posted January 16, 2019 Share Posted January 16, 2019 You probably want an unoccupied building policy that covers debris removal rather than rebuilding and will also cover property owners' liability. You'll need to speak to a specialist broker probably as most insurers don't cover uncommon scenarios. Google unoccupied property and debris removal and see what you get. Link to comment Share on other sites More sharing options...
Oz07 Posted January 16, 2019 Share Posted January 16, 2019 I'd be taking out cheapest unoccupied policy available. Chances are you will never use it. Just make sure it covers you for what you want. Link to comment Share on other sites More sharing options...
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