Converted Property Buildings Insurance

Insuring a property conversion

Insuring converted property is an area that needs the expert knowledge and experience of insurance specialists.The trend towards buying property ‘in need of modernisation’ or perhaps a converted barn has grown enormously in recent years and as a feature of this trend, many property speculators are increasingly finding older, larger properties to convert into flats or apartments.

"Property development is so exciting and converting old houses into new homes gives you a real sense of achievement. We arranged insurance cover for the converted property before the development started."

If you have bought a converted house, or maybe a barn conversion, then your solicitor will have done the normal searches during the conveyance process. This may however throw up the possibility that some work has been done on the property for which the relevant planning consent was either never granted or maybe not applied for. In these cases, you may need indemnity insurance to cover the potential cost of any litigation or retrospectively gaining planning permission.

"You take a chance when you buy any property - buying one that needs so much work is even riskier and you need all the right cover if you want to sleep at night."

Completing the QuoteRack converted property quotation request form will send your details to a range of insurance experts who specialise in offering insurance for converted property. There is no obligation to proceed and you will hopefully be impressed with the quotes you receive.

You may also be interested to see other QuoteRack categories such as home insurance for freehold flats and home contents and buildings insurance.