Any thoughts or advice?

We are looking at spending the best part of £60k on a loft conversion. We would like something additional to put home Insurance to cover is in the event of part work, unseen damage etc.

Does anyone know of such a thing?

What are you looking to insure against? Do you mean the builder getting things wrong? I've done several big projects with the last one being about £150k and didn't do anything different on the house insurance front.

[Edited on 9/3/19 by SJ]

No personal experience of having this type of work done myself or having to insure it.

Does the builder not have some form of insurance in place to cover both themselves and the work they're doing?

I think I'd start by checking that angle first to see what (if any) cover the builder has or is meant to have. I don't disagree with being protected in some way, but I certainly don't like paying for things that others maybe should have already paid for.

I think of a chap I work with who bought a new build house a couple of years ago. The property came with something like a 10 year warranty against defects.

When he then suffered a leaking Velux window the original developer had to come and fix it (replace the window and a section of roof) after he reported it to them.




[Edited on 10/3/19 by nick205]

I would like to have a fall back insurance incase things go wrong in any kind of way really.

House insurance will cover it once it exists but what if they just don't show up or cause damage to someone elses house and refuse to fix it. That sort of thing, but not limited to.

They have gaurentees on their work and I may just be over worrying. I just can't help that a few hundred quid policy to cover £60k of work is a sensible step.

Im also surprised there is already nothing out there.

We will try and pay a lot on credit card and then pay off immediately as this will offer us additional cover.

Maybe what I am looking just does not exist and is covered by other financial services.

Have a look here:

Federation of Master Builders insurance

I think this is the closest to what you are after.

In theory the builder should have professional liability insurance....

The risk with taking your own insurance is the two insurance companies get into an argument over who should pay out and you're stuck in the middle.