Why take out insurance after renovating your house?

Today, many households prefer renovation to moving. From simple refreshment to major renovations, such a project has a cost. It therefore becomes essential to secure your investment by anticipating all the problems related to possible poor workmanship. Taking out insurance is one of the precautions to take. Why should you take out insurance, especially for major renovations? What are the compulsory insurances? We talk about it.

Insurance after renovation: a necessary evil

Whether on the side of the owner or the professional, taking out insurance after renovation is essential. Indeed, it happens that accidents occur in stride. This type of event is generally beyond our control and yet can have an impact on a construction. Proper insurance will prevent you from being harmed, by spending a phenomenal sum for the repairs undertaken.

Then, although the work seems expensive, do not forget that you can take advantage of the bonuses allocated by the government.

This is the case of MaPrimeRénov’ which is explained on Hellio (https://particulier.hellio.com/blog/ financement/ma-prime-renov). That said, if you’re considering a home addition as a renovation, it’s important to let your insurance company know. The insurer will then reassess the contribution which will allow your newly created room to be covered.

Focus on property damage insurance

Do you want to rehabilitate your house and call on a structural work company? Know that today, you are obliged to take out damage/work insurance. If the guarantee of perfect completion commits the professional to repair your house within one year, this takes over and does not begin until one year after the actual delivery of the site.

It should be noted that damage-work insurance provides coverage for nine years in a row. It thus ends at the same time as the ten-year insurance. During this time, if you sell your property to a third party, the warranty is automatically transferred to them. Then, if faults appear and jeopardize the stability of the infrastructure, the repairs are the responsibility of your insurer. It should also be noted that compensation is made quickly, not more than 60 days.

Ten-year guarantees

While the project manager is required to take out property damage insurance, the professional in charge of the renovation must take out ten-year insurance. This obligation is provided for by the Spinetta law of January 4, 1978. Furthermore, non-subscription is liable to 6 months’ imprisonment as well as the payment of 75,000 euros as a fine. Note that a ten-year guarantee takes effect upon actual acceptance of the work. Then, as its name suggests, it is valid for a period of 10 years.

This device is useful in several ways. Not only do you benefit from a prompt refund, but you also ensure that you cover a certain number of damages that may affect the newly renovated house. The cover intervenes, for example, in the context of a subsidence of the floor, the appearance of cracks on the exterior walls or even a failure at the level of the air conditioning. It will be the same for defective insulation, a problem with the heating or even the frame. Despite its price, it is an initiative that is definitely worth it.

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