Auswide Insurance Brokers

  When beginning a new construction or renovation project, there’s a critical—but often overlooked—feature builders need to get right: insurance cover for existing structures . Navigating this part of your insurance can make a substantial difference to your risk exposure and help ensure projects run smoothly, even if things go wrong. What Are Existing Structures? Existing structures refer to any buildings or other permanent fixtures already on a project site before a single tool is lifted for construction. Unlike new builds, these structures are often at risk during the works, and their protection requires careful consideration within your insurance planning. Who Is Responsible For Insurance? Typically, it is the property owner’s responsibility to insure their assets. However, building contracts occasionally assign this responsibility to the builder during the construction period. To avoid future disputes, both parties should clarify—and document—who will maintain insurance cover f...

  When beginning a new construction or renovation project, there’s a critical—but often overlooked—feature builders need to get right: insurance cover for existing structures . Navigating this part of your insurance can make a substantial difference to your risk exposure and help ensure projects run smoothly, even if things go wrong. What Are Existing Structures? Existing structures refer to any buildings or other permanent fixtures already on a project site before a single tool is lifted for construction. Unlike new builds, these structures are often at risk during the works, and their protection requires careful consideration within your insurance planning. Who Is Responsible For Insurance? Typically, it is the property owner’s responsibility to insure their assets. However, building contracts occasionally assign this responsibility to the builder during the construction period. To avoid future disputes, both parties should clarify—and document—who will maintain insurance cover f...