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Course of Construction Insurance vs Self Build insurance

  • 21-06-2017 10:11am
    #1
    mrsWhippy
    Registered Users, Registered Users 2 Posts: 673 ✭✭✭


    Hi,

    Can anyone tell me the difference between these two, or if they're the same?

    We will have a main contractor who has their own insurance but what level of insurance do we need to take out, if any, for a new build?

    Thanks


Comments

  • #2
    V0X
    Registered Users, Registered Users 2 Posts: 50 ✭✭V0X


    I am no sure of the difference but our mortgage lender stipulated we must have Self Build Insurance. Went with Aviva @ €1600 for 12 months.


  • #3
    Jofspring
    Registered Users, Registered Users 2 Posts: 4,129 ✭✭✭Jofspring


    Bank stipulating course of construction insurance for us. Got a quote two weeks ago for "Unoccupied Course of Construction with Axa - €487". We have a contracter doing the work by the way.

    I'd assume it works as follows but someone more knowledgeable should fill you in:

    Course of Construction Insurance - Builder/Contractor doing the work.
    Self Build Insurance - No contractor and you take on full liability.


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