James Parker speaks to Jake Fitness, operations manager at Self-Build Zone, about why specialist insurance is essential for protecting your self-build project, satisfying mortgage lenders and safeguarding your investment.
DO I REALLY NEED TO INSURE MY PROJECT AGAINST SOMETHING THAT MIGHT NOT HAPPEN?
Yes, because the risks on a self-build project are unpredictable and can be financially devastating. Events like fire, theft, storm damage, or vandalism are rare, but when they do occur, they can halt your project and lead to major unplanned costs. Self-build insurance is designed to protect your investment at every stage, giving you peace of mind while work is ongoing.
WON’T I BE COVERED BY MY BUILDERS’ INSURANCE?
Not fully. Your builder’s insurance typically covers their own liabilities, such as injury to workers or damage they cause – but it doesn’t usually cover your structure, materials, or the overall project. As the project owner, you remain responsible for insuring the build itself, including site risks and partially completed works.
WHAT SPECIFICALLY DO I NEED TO MAKE SURE I AM INSURED FOR?
A comprehensive self-build policy should include:
- Contract works (the build itself)
- Site materials (onsite and in transit)
- Public and employer’s liability
- Existing structures (if renovating)
- Tools and plant (if applicable)
- Non-negligence/party wall cover (if required)
The key is to ensure cover matches your build type, value and level of involvement.
CAN INSURANCE HAVE AN IMPACT ON MY SELF-BUILD MORTGAGE?
Yes, it can. Most lenders require proof of adequate insurance before releasing stage payments. Without the right cover in place, funds may be delayed. Having a suitable policy reassures lenders that their investment and yours are protected throughout the build.
WHAT DO I NEED TO LOOK OUT FOR WHEN PURCHASING A POLICY?
Key things to check include the level of cover and the sum insured, making sure it reflects full rebuild costs. Also consider the policy’s flexibility to adapt as your project evolves and progresses, and the duration of cover, ensuring it matches your build timeline. It’s also important you understand the excess levels and any potential exclusions, and that you know whether it also includes public liability and site-specific risks.
A specialist provider like Self-Build Zone typically offers policies tailored specifically for self-builders, which can be more suitable than standard insurance.
DO I NEED A WARRANTY FOR ONCE THE BUILD IS COMPLETED?
While not legally required, a structural warranty is strongly recommended. It protects against defects in design, materials, or workmanship typically for 10 years after completion. It’s also often required if you plan to sell the property within that period, as buyers and lenders usually expect it.
To listen to the full podcast and hear more of what Jake has to say about self-build insurance, scan the QR code.
