Insurance Site Self

Remember, a self build house allows the house buyer to purchase their home at cost price, i.e. the cost of the building of land for sale, materials and labour. Site insurance ensures you are covered for almost any eventuality and provides you with financial compensation in the event of a loss.

There are companies that can offer you fully comprehensive 24-month insurance site self to cover your project from the moment your purchase the land. Discounting the effects of inflation, self-builds tend to save around 30 percent of the value of their finished house by building it themselves, a saving brought about by taking away the profit developers make on most new houses, along with the VAT savings made on materials.

Site insurance and warranties need to be put in place. Where there is bad ground or trees the Warranty providers will require several weeks advance notice of your intention to commence work.

The Building Inspector will also need 48 hours notice in writing. If a soil investigation is needed to determine foundation types this will have to be organized using either a digger or an auger and while you’re thinking about plant hire, it’s best to arrange tipper lorries and identify where the spoil will go.

There are products designed specifically for self-builders and so it covers you against a wide range of risks including public, employers and product liabilities, personal accident, construction works, existing structure, legal expenses and personal possessions.
Your immediate family is covered automatically under a site insurance policy. You can add additional family or friends at no extra cost.