Any construction project is likely to encounter a few challenges along the way – what’s important is knowing how to deal with them. Prevention is most definitely better than cure in most cases and this means investing in insurance should be top of the priority list. Here are three reasons why:
1. Because things WILL go wrong
No matter how hard you try, something will go wrong during any construction project. This is part and parcel of working in the industry and you need to make sure that you are adequately protected for every eventuality.
At different stages of the development your foundations may be exposed to any number of dangers so surely it is better to protect against these.
Home insurance policies can protect your building against a number of different causes of damage and these include but are not restricted to:
- Malicious damage
- Accidental damage
- Weather or storm damage
- Theft or burglary
It is important to remember that buildings insurance will only protect the physical property. Contents insurance will take care of everything on the inside, such as:
- Fixtures and fittings
- Furnishings and décor
- Personal possessions including electronics, gadgets, furniture, ornaments, trinkets and personal items
2. You can’t afford not to!
With so much room for error and issue, there are many who feel you can’t afford to not have insurance – and they’d be right! Insurance policies don’t have to cost a fortune and if you research quotes online then you’ll see just how affordable this protection can be.
Once in place, a home or buildings insurance policy will prevent you from being stung with unexpected bills – potentially saving you money in the long run.
3. It is your future
Whatever the type or purpose of your construction project, chances are it will influence your future and in particular your finances. As the build is your future it is important that you protect it in any way possible. This means purchasing insurance so that weather damage, theft and malicious damage do not derail your investment.