Building work always introduces an element of risk.
When those works involve shared structures, excavation or significant alterations, homeowners sometimes ask whether their buildings insurance could also be affected.
The answer will depend on the insurer, the policy and the nature of the works.
Tell your insurer about major building work
Insurance policies differ, but many require policyholders to disclose significant alterations or building work.
This is particularly important for:
- major extensions;
- structural alterations;
- loft conversions;
- basement works;
- substantial excavation; and
- periods when the property may be unoccupied.
If you are unsure, contact your insurer before work begins.
Party Wall compliance is separate from insurance
A Party Wall Award does not replace insurance.
Likewise, having insurance does not remove the need to follow Party Wall procedures where the Act applies.
They are separate protections dealing with different issues.
Contractors should have appropriate insurance
You should also check the insurance arrangements of your contractor.
Depending on the project, this might include public liability insurance and other appropriate construction cover.
Your architect, project manager or other professional adviser can help you understand what is appropriate for the particular works.
What happens if damage occurs next door?
Where Party Wall works cause damage to the adjoining property, the Party Wall Act provides a framework for dealing with that damage.
Insurance may also become relevant depending on the circumstances.
Do not assume you are automatically covered
The safest approach is to tell the insurer what you propose to do and obtain confirmation of any requirements before works commence.
Speak to Simple Survey about the Party Wall side
Simple Survey cannot advise on the terms of your insurance policy, but we can make sure the Party Wall element of your project is properly considered.
If you are planning structural work close to a neighbouring property, contact Simple Survey for straightforward Party Wall advice before construction begins.