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Secure your dream home: The most important insurance policies for builders
Important insurance for builders: Protection during construction and renovation of your own home, risks and recommended policies.
Secure your dream home: The most important insurance policies for builders
Thorough insurance is essential when building or renovating your own home. This was announced today by the South German newspaper illuminated in detail. It is strongly recommended that you check your own insurance coverage before starting such projects. Construction sites pose risks that can hardly be underestimated - from injuries to visitors to unauthorized access. Homeowners shouldn’t take this lightly!
One of the most important insurance policies for builders is builder’s liability insurance. This protects against damage caused to third parties by the building or property. This insurance is an absolute must, especially for larger projects, because private liability insurance often only covers smaller projects up to a value of 100,000 euros. Residential building insurance is also essential for property owners in order to be protected against damage caused by lightning, fire or storms. Building owners must also inform their insurance company about unoccupied phases during the renovation.
Special insurance for construction work
But that's not all: construction insurance is relatively easy to obtain for new buildings, but it can be tricky for renovation projects. This insurance covers unforeseeable damage, such as force majeure or vandalism. Fire shell insurance is also recommended to protect yourself against possible damage caused by fire. Here is that too Dr. Small mentioned, which shows that builders are responsible and are liable for safety on the construction site. Heroic, but also associated with risk!
If you hire friends or acquaintances as construction helpers, you also have to think about construction helper accident insurance. This is necessary to protect the helpers. It is important that these helpers are registered with the construction industry's trade association; Failure to do so can result in expensive fines, which can be up to 2,500 euros. Private construction helpers are usually only suitable for simple work - work on electrical or water pipes is better left to the professionals.
Financial considerations and outlook
Although the costs for the necessary insurance are not required by law, they may be necessary to secure building financing. An example breakdown of the cost of a house worth 300,000 euros looks like this:
| Insurance | Costs in euros |
|---|---|
| Builder's liability | 300 |
| Construction insurance | 450 |
| Shell insurance | 300 |
| Construction worker accident insurance | 150 |
| Total cost | 1,200 |
It also takes all of these factors Association of Insured Persons in his considerations, as they contribute to ensuring successful completion of the project. However, with an increasing decline in orders in the construction industry, the availability of tradesmen could increase again in the near future.
Once the construction or renovation work has been completed, it is also advisable to take out the appropriate residential building and household contents insurance. After all, you want to move into your new home well protected, and private accident insurance can also ensure your own protection. If you plan well and secure yourself in good time, you can be sure that your new home will be a beautiful and safe home!