Just wondering about the price for this, we are building a house valued at 240,000.
As a builder is building the house we assumed that his insurance would cover the building until he is finished with it but we have been informed by bank that we have to get out own insurance for this incase of fire/flood etc. BOI quoted just over E400.
Not many insurance companies seem to do this insurance- any one any other prices or ideas??
Thanks
Just wondering about the price for this, we are building a house valued at 2400000.
As a builder is building the house we assumed that his insurance would cover the building until he is finished with it but we have been informed by bank that we have to get out own insurance for this incase of fire/flood etc. BOI quoted just over E400.
Not many insurance companies seem to do this insurance- any one any other prices or ideas??
Thanks
Axa do a house under construction policy. So do Hibernian but it's a self build policy (ie if you are hiring your own builders not using a contractor).
The builders insurance would cover liability if he makes a mistake or his employees are injured but wouldn't cover the build itself. Checked on our system (I'm a broker) and if you are in Dublin it should be about the 400 mark for fire storm and flood. Don't know of anywhere else that does it but try Axa directly.
Axa do a house under construction policy. So do Hibernian but it's a self build policy (ie if you are hiring your own builders not using a contractor).
Hibernian do a course of construction policy as well as a self build policy. Depending where in ireland you are you could have it for €200-300 (that's a guess, their system is off line at weekends so can't check it)