Owner Builders Insurance
Protect your home with tailored insurance solutions designed for owner builders.
What does Owner Builders Insurance cover?
Protect your home with tailored insurance solutions designed for owner builders.
Owner Builders Insurance policies can offer general protection which may include cover against:
Insurance cover after Fire Damage to a construction site can cover the repair or replacement of the damaged property, including structures, machinery, equipment, and building materials.
Landslip and subsidance can cover the movement of the groun in which the structure is being built on. This movement can lead to foundation problems and structural damage which could result in damages to the site which could result in large claims against your business.
Flood insurance can protect your construction site from damage caused from rising water from creeks, lakes, dams, or other natural waterways.
Water damage could under a contract works policy will protect your site from damages from unforeseen water damage caused by by burst or leaking pipes. The insurance will usually pay for the repair from the resulting damages.
Storm damage cover can protect your construction site from damages from storm such as wind, hail, fallen trees, and lightening strikes for example. It will pay for the repair or replacement of the damaged areas or materials.
Earthquake cover will protect your site from damages as a result of the earthquake, such as repairing structural damages to walls, foundations and roofs for example.
Theft insurance can protect you from theft of your tools, equipment and materials. It’s important that the site is secured every night, and tools and equipment locked up to limit the exposure.
Malicious Damage can cover for intentional damage to your site, such as building materials, the structure itself, and also your tools and equipment which has been done with malicious intent.
Vandalism cover is standard under a contract works insurance policy and can protect your site from damage cuased by vandals such as graffiti damage. Construction Insurance can pay to repair the property to its prior condition.
Broken glass is covered under a contract works policy if it was caused by a natural peril, such as a storm, or vandalism. If it was caused by yourself or your employees by accident, then your Public Liability Insurance policy would usually respond.
Defects Cover will protect your business from claims brought against you for alleged defects that have caused structural issues to foundations or load bearing walls for examples. You may also be brought into a defects claim for the work of your electricians or plumbers.
Public Liability Insurance goes hand in hand with a construction policy and will cover you for any third party injury or property damage claims that you are liable for. It will pay the defence, legal and compensation costs.
Do I need Owner Builders Insurance?
As Morgan Insurance Brokers, we recommend Owner Builders Insurance to protect your project against damage, theft, and unexpected events, while also covering your liability if someone is injured on-site. It safeguards your investment, ensures compliance with many lenders, and gives you peace of mind throughout your construction or renovation.
Does Owner Builders Insurance Cover Public Liability Insurance?
Owner-builder insurance doesn’t automatically include public liability, but many policies let you add it as an optional cover. You’re only covered for public liability if it’s specifically listed in your policy.
How Morgan Insurance Brokers can help
Morgan Insurance Brokers can help you get owner-builder insurance by comparing policies from multiple insurers, advising you on the exact cover you need and handling the application process for you by collecting your project details and submitting them to the insurer that best fits your build.
Morgan Insurance Brokers are specialists at construction insurance and can expedite your request.
