Mi Commercial Risk’s residential Development product provides brokers and their clients with a co-ordinated solution for arranging appropriate cover for a residential property undergoing renovation or refurbishment.
Previously separate policies may have been required to cover the existing structure, Contractors All Risks, Public Liability and non-negligent liability.
Our product provides in one policy for the insurance of:
- The existing structure
- The contract works
- The home contents
- The homeowners potential liability risk for the work being undertaken.
Why this product?
Many home insurers are not prepared to insure a building undergoing works, and the risks associated with the work. Our product provides a package solution for the existing structure, contract works, JCT extensions and Public Liability.
We can quote for nearly every type of project, from small extensions to large redevelopments.
We are can issue policies in the joint names of the homeowner and the contractor, where this is required to satisfy contractual requirements.