Q ?. How renovation plans affect insurance coverage
Personal:
Depending on the renovation and how much it will cost when complete will determine if the person needs a course of construction policy during the renovation. But because the renovation is a significant change in the risk before you start, you must contact your broker and they will then advise the risk insurance company. It is up to the insurance company at that time to decide whether they want to pay a premium
Commercial :.
Many policies contain a provision allowing the insured to make renovations as they do not alter the structure. Given the amount of a gray area that is, we always encourage our customers to contact us for a review. We will usually inform the subscribers so that it is in the file, and if necessary get the customer a COC policy. We also recall them, and help them to confirm that their subcontractors are properly insured with the right limits and guarantees.
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