Removation Insurance Case Study
Project: Full renovation of property including removal of several walls, reconstruction of rear extension.
Project value: £1,000,000
Products taken up: 1) Existing Structure undergoing works insurance, 2) Contingent liability insurance & Contract Works Insurance, 3) JCT 21.2.1non negligence insurance, 4) Performance bond and 5) Building Warranty. Continue reading “Renovation Insurance case study for a residential dwelling”
A recent Property Developer Insurance policy we placed was for a development in Aberdeen. The property was purchased by the developer 2 years ago to renovate and sell. The property developer did the refurb and placed the property up for sale. Unfortunately the property was not selling, so she decided to take it off the market and apply for planning permission instead.
The planning permission was to turn the chalet style house into two flats. After a 12 month period she finally got the planning and thats when Construction Insure were contacted to advise on the relevant insurances she might need. Continue reading “Property Developer Insurance for a Development in Aberdeen”
It always amazes me just how many contractors trade happily, sometimes with, but more times without the knowledge that they are not adequately insured for the works they are carrying out. We are not talking about small contractors here with turnovers of 50-100k, but also large building contractors with turnovers of 3-4 million.
We had a great example this week of a building contractor with a 4 million pound turnover who was paying for just an expensive piece of paper Continue reading “Educating Building Contractors on the importance of having Contractors All Risk Insurance”
We had a call from a developer last week asking for us to insure a pub he purchased 3 years ago to develop into 8 luxury apartments. After a lengthy discussion about all the different types of insurances he might need, we slowly started to piece things together for him.
After speaking to the developer and finding out exactly what his plane were for the pub, one of the first questions we asked the property developer, was if there were any restrictive covenants on the property. Continue reading “Developing a Pub into Residential Apartments”
