Renovation Insurance
Renovating a high-value property is an exciting opportunity — whether you're restoring a period residence, modernising a luxury townhouse, or undertaking a full structural transformation. However, substantial works can significantly increase risk exposure. Standard home insurance is rarely designed to protect high net worth properties during major renovations.
High Net Worth Renovation Insurance provides tailored protection for affluent homeowners in the UK whose properties require enhanced cover, specialist underwriting, and a deeper understanding of complex projects.
Who Is This Designed For?
This cover is suitable for UK residents who:
✦ Own homes with high rebuild values (typically £1m+)
✦ Are undertaking structural alterations, extensions, or full refurbishments
✦ Are undertaking works with a value in excess of £75,000
✦ Own listed, heritage, or architecturally significant properties
✦ Require higher limits of indemnity and bespoke policy terms
✦ Employ main contractors, specialist trades, or project managers
Whether you are renovating a country estate, a townhouse, or a coastal retreat, specialist protection ensures your investment remains secure throughout the works.
Why Standard Home Insurance Is Not Enough
Most mainstream insurers automatically restrict or exclude cover once structural works begin. Even minor renovation works can:
✦ Invalidate your existing buildings policy
✦ Reduce escape of water or theft cover
✦ Exclude damage caused by contractors
✦ Limit liability protection
For high net worth individuals, these gaps can expose you to substantial uninsured losses.
What High Net Worth Renovation Insurance Covers
Policies are tailored and may include:
Existing Structure Protection
Cover for the original building against risks such as fire, flood, storm damage, subsidence, and malicious damage during the renovation period.
Contract Works
Protection for new works, materials, fixtures, and fittings (on or off site) until project completion.
Public & Employers’ Liability
Protection if contractors cause injury or property damage to third parties.
Non-Negligent Liability (JCT 6.5.1)
Cover for damage to neighbouring properties arising from the works — particularly important for London townhouses and properties with shared walls.
High-Value Contents Cover
Where applicable, protection for fine art, antiques, jewellery, and bespoke interiors stored on site.
Alternative Accommodation
Luxury temporary accommodation if the home becomes uninhabitable during insured damage.
Why High Net Worth Individuals Require Specialist Advice
High-value renovation projects often involve:
✦ Complex contractual arrangements
✦ Multiple contractors and consultants
✦ Specialist materials and finishes
✦ Heritage restrictions or planning constraints
✦ Higher potential liability exposure
Protecting More Than Just Property
For high net worth individuals, a home is often more than a residence — it is a legacy asset, a lifestyle statement, and a significant financial investment. Specialist renovation insurance ensures that, throughout the build, your wealth, reputation, and long-term plans remain protected.
