What Insurance Do I Need If I’m Converting My Loft?

There are many things you need to take into consideration when you’re converting your loft, including planning permission and building regulations, but what about your insurance? This month, AKB Loft Conversions are here to explain to you why it’s vital you inform your insurance providers about your future plans.

Any loft conversion project takes lots of time, effort and planning in order to produce something that goes above and beyond your expectations, but what’s also important is to focus on organising the correct insurance too.

Conversion Insurance: How It Works

Insurance for conversions will normally serve both your existing property prior conversion and all new works that are involved throughout the process. The current state of the building’s structure – even if it’s a simple pile of stone and mortar (regardless of whether it’s commercial or domestic) – all temporary work, tools and materials need to be covered by your chosen conversion insurance policy.

Sorting Your Conversion Insurance Policy

Your insurance needs to be organised before you exchange contracts, confirming that your project is ready to proceed.

When arranging your conversion insurance policy, you will want to discuss with a professional what your policy will cover to make sure that it’s comprehensive and competitive. Obtaining the right conversion insurance policy can solve the most complex of issues.

Failing to inform insurance providers about your loft conversion

If you fail to inform your insurance providers about the changes to your home, you could  invalidate your home insurance. Having insurance isn’t just for events such as floods or fires – it’s there for theft too; items such as plant tools and equipment used to complete a conversion can be expensive to replace if stolen. If you had a digger stolen for example, this can cost more than £16,000 to replace and if it’s a hired vehicle, you are liable to pay the entire price so that the company can purchase a new one.

Not to mention, building sites are areas where accidents can happen, this is why it’s important to take extra precautions with insurance because should any contractors, visitors or friends happen to find themselves on site and in an accident – it’s likely that the blame will fall on to you. With the right insurance in place, these worries can be solved, without it, you could face prosecution.

If you’re ever unsure about what to do next, speak to the professionals who have a wealth of experience dealing with all sorts of customer issues and questions. With a team of experts ready to offer a range of loft conversion types, extensions and orangeries – you can be sure that you’re in the right hands. At AKB Loft Conversions we care about what we do and we take pride in our work, which is why we come so highly recommended. Get in touch today and let’s see what we can do for you.