Home improvers urged to check insurance cover

Professional Adviser
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Homeowners who have extended their property have been warned to double check whether their buil...

Homeowners who have extended their property have been warned to double check whether their building insurance cover is still adequate. Halifax General Insurance pointed out that aside from itself and Legal & General, the building insurance policies offered by the major players only covers a specific sum insured, which might not cover all of a claim in the event of total loss. Halifax and Legal & General both offer unlimited sum insurance. With property price inflation outstripping building cost inflation by an average 3% over the past five years, the cost of extending a home h...

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