Self-build insurance in Ireland typically provides coverage for various aspects of a self-build project. While specific policies will vary, here are some common features that are typically covered by self-build insurance in Ireland:
Site and Construction Works:
This coverage protects against loss or damage to the building site and any ongoing construction works, including materials, tools, and equipment.
This coverage provides protection in case someone is injured or their property is damaged as a result of your construction activities. It helps cover legal costs and compensation claims.
If you hire subcontractors or employ workers for your self-build project, employer’s liability insurance is usually required. It provides coverage for claims from employees who suffer injury or illness while working on your project.
This coverage protects the structure of the building during the construction phase and may extend to cover the completed building against structural defects for a specified period after completion.
Loss or Damage to Building Materials:
Self-build insurance typically covers loss or damage to building materials on-site or in transit.
Tools and Equipment:
This coverage insures your tools and equipment against theft, loss, or damage.
Self-build insurance may cover professional fees, such as architect or engineer fees, in the event of damage to the property that requires remedial work.
If your self-build project is delayed due to an insured event, such as fire or flood, and you cannot live in the property during repairs, self-build insurance may cover the cost of alternative accommodation.
As ever with insurance policies, it is important to note that coverage will vary between insurance providers, so it is advisable to carefully review policy details and consult with an Insurance Broker to understand the specific coverage offered by a particular self-build insurance policy and to ensure that the policy meets your specific needs.
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