Renovators Home and Contents
Renovators home and contents is a newly developed product to protect home renovators who are using a registered builder to extend/renovate their home. It is a combined product with 3 parts.
1. Builders Construction and Public Liability Insurance This covers the renovation/extension for the basic protections – fire, theft, storm, water & malicious damage together with Public Liability cover.
2. (Existing) Home When renovations/extensions are over eg. $20,000 – $50,000 the home and contents insurer will suspend the home and contents policy because the home has become a building site, a dangerous & prone to theft site & until the project is completed it is outside the scope of the Home and Contents policy. Renovators Home and Contents will cover the (existing) home together with the Public Liability component
3. Contents Cover (optional)
This cover is conditional on the renovation/extension & existing home being insured. As the site is a building site, we have been able to secure an attractive contents cover, conditional on the following
The existing property is
a. Secured with deadlocks on all external doors, and
b. Secured with either window locks on all windows, and/or window security screen and/or security mesh or bars, and
c. Occupied by the homeowner for the purpose of performing the contract works, and not left unoccupied during this time for any period exceeding seventy two (72) consecutive hours immediately prior to the event.
In all cases, any locking devices present must be locked, with all keys removed.
Contents cover must be for the full duration of the policy for the full sum insured.
The sum insured must be for the full replacement value of the contents covered.