The works sum insured should include the following: The value of the main contract The value of any subsidiary contracts (for example, a separate contract with a fitted kitchen supplier) The value of any direct purchases (usually fixtures and fittings) Professional fees VAT where applicable […]
Archives: FAQs
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What happens if my contractor goes bust, or walks off site?
Unfortunately, this is a fairly regular occurrence. If this happens and you are covered by a Renovation Underwriting policy, please notify us immediately. Our policies do allow for a cessation of works for up to 60 days, during which time full cover will be maintained automatically. We can manage longer periods than this as long […]
The contractor has works insurance. Why do I need to buy this cover?
Contractors will frequently have a ‘contract works’ section under their contractors all risks policy. This section enables contractors to insure the materials, fittings and works in progress on behalf of their clients. It is perfectly possible, and in some cases, appropriate to rely on this cover – but it will never be possible for the […]
I am not using a JCT contract. Does this matter?
No. We are able to cope with any and all contractual arrangements – from completely informal arrangements, through to bespoke contracts produced by the builder, as well as ‘off the shelf’ building contracts, or the full JCT suite of contracts. The advice we give will differ depending on the arrangements, but the cover will remain […]
What is it that Renovation Underwriting offers over and above other players in this market?
The market for property insurance for structures in the course of renovation/refurbishment is very small – and for bespoke, JCT compliant contract works insurance of the type we offer, even smaller. Our package offers full control, the widest cover, triple A rated insurers and the peace of mind that expertise and support is available in […]
How do I contact you about a claim?
You can contact us about your Claim in a number of ways. You can call us on our dedicated Claims line (01480 768 799) or email us at claims@renovationunderwriting.com. Our Claims line is manned from 9am to 8pm, Monday to Friday. You can also liaise with your Broker who will advise us of your Claim […]
Who will handle my claim?
Our dedicated Claims Manager oversees the Claims process for all policyholders from first notification through to settlement. […]
What can I expect once I submit a claim?
All available information will be reviewed by our dedicated Claims Manager. You will then be contacted to discuss the next step in the Claims process, specific to your situation. […]
How long will my claim take to be processed?
Each and every claim is different and may require a number of varying stages. You will be advised on realistic timescales when our dedicated Claims Manager contacts you. […]
What will I need to submit my claim?
The most important thing is that the claim is reported promptly to minimise any further damage to your property and to rectify the problem as soon as possible. This will in turn lessen the impact on the timeframe of your affected Renovation project. You will need to complete the claim form and supply any supporting […]
