Insurance Self Quotes |
Research and study for getting
competitive insurance self quotes after talking to
a number of insurers to get a rough idea of quotes. Site insurance
protects you during the build process and a 10 Year
Structural Warranty starts from the date the build
is completed.
Site Insurance and a 10 Year Structural Warranty are
entirely different forms of insurance. Often a substantial amount of the build is existing
structure and it is important that it is protected
from similar
perils to the new works. You should protect the existing
structure of any conversion, renovation or extension. Occasionally you are able to purchase Aircraft, Fire
and Explosion Cover only for existing structures but
in most cases this is not adequate. The financial benefits are obvious; savings of up to a third of the final value of the house are easily achievable, with an opportunity to get more for your money and a better quality home. No surprise, every year thousand of people self build, renovate or convert a property in the UK. Stamp duty is only paid on the land and then only when the purchase price is over £60,000. There is no stamp duty payable on the cost of the build and this can result in a substantial saving to the self- builder. |