|
Site Insurance
Protect Your Investment
Site insurance is of fundamental importance when investing your money into
property especially as the sums are almost always five or six figures. Whether your
project is a conversion, renovation, extension or a new build you will invariably
need comprehensive protection. We have a range Site Insurance Packages available
from our new 12 month flexi-policy to our tradditional 18 and 24 month options.
Uniquely, our 12 month flexi-policy can be extended should you overrun - providing
complete flexibility.
You must protect the existing structure (if there is one) as well as all the new
work against such losses as fire, theft, flood, storm damage, vandalism and accidental
damage. Don't just rely on your standard building insurance to cover the cost
of any loss as, more often than not, they will not pay out on a loss involving a
property under development.
Better to be safe....
It goes without saying that the majority of builds go from start to finish without
the need to make any claim but, should the worst happen, you can have complete peace
of mind that our site insurance will reduce your level of liability to an absolute
minimum.
Note : You should review the full details of the limits of cover and excesses as
well as the full Site Insurance Summary of Cover.
-
Site Insurance Summary of Cover
-
Self-Build Professional Fees (Legal Expenses) Summary of
Cover
-
Renovation/Conversion Professional Fees (Legal Expenses)
Summary of Cover
Our Site Insurance Covers You For
:
A full 12, 18 or 24 months.
This may sound like more time than you need but it does mean you can purchase
the cover as soon as you buy the land and therefore be covered for public liability
straight away. It also means that any existing structure will also be covered even
before building begins. In addition to this, you have the flexibility for your build
to over-run from the average 9-12 months without having to renew your insurance.
Building Works, Temporary Works and Materials
Protected against all risks up to 125% of the professional reinstatement
cost. (The professional reinstatement cost is the amount required to do all the
building works again, using professional labour, if a total loss occurred at the
end of the build. Land and existing structures are not included in this figure.)
Example 1 : Storm damage from gale force winds blowing over
gables-ends.
Example 2 : Theft of heating & electrical materials from the site.
Existing Structure (on Conversions, Renovations, Extensions)
Protected against all risks including damage caused by the new work. Up to 110%
of the professional reinstatement cost. (The professional reinstatement cost is
the amount required to rebuild the existing structure, using professional labour,
if a total loss occurs. Land and new work are not included in this figure.)
Example 1 : Fire causing a total loss near the end of the
build.
Example 2 : Collapse of new extension bringing down part of the existing house.
Own and Hired Plant, Tools and Equipment
Protected against all risks up to €50,000
Example : Theft of cement mixer and power tools.
Residential Caravan, Site Huts, Containers
Protected against all risks up to €30,000
Example : Theft of mobile home.
Contents of Caravan
Protected against all risks up to €30,000
Example : Arson / vandalism / theft of mobile home.
Employees' Tools and Personal Effects
Protected against all risks up to €2,000
Example : An tradesman's specialist tools stolen from
the site.
Employer's Liability
Providing you with protection should you be required to pay compensation
for bodily injury, disease, death or nervous shock by any of your employees in connection
with the project.
Example : Tradesman injured in a fall.
Public Liability
Providing you with protection should you be required to pay compensation
to any third party for bodily injury or death, or damage to property arising out
of building works. Upto €6.5M
Example 1 : A child gaining access to the site and becoming
injured.
Example 2 : Heavy machinery damaging a neighbour's property.
Legal Expenses
Our legal advisors are on hand to help you with any contractual disputes
with professionals, local authorities, suppliers or contractors involved in the
project as well as with eviction actions. Limit of indemnity is €37,500.
Example : Refusal of a supplier to accept responsibility for errors in a product.
Personal Accident & Broken Bones
Compensation of up to €30,000 for you and your immediate family
against temporary or permanent disablement caused by any accident, anywhere and
at any time during the period of the project. |
|
|