Nov 18, 2022
Types of Insurance for New Construction Home Buyers
In today’s market, there are a variety of home insurance policies to choose from. If you’re building a home from scratch, it’s important to understand the different types of coverage available and ensure you have the protection you need.
Aston Homes understands that a new construction project is a considerable investment, so we do what we can to protect your investment. We use only the best trades, materials and expertise to build your new house to the highest specifications. We also offer exceptional aftercare services to make sure everything functions properly beyond the final handover of keys.
Have questions? Get in touch with Aston Homes today to find out how we can deliver your dream home that’s built to last.
Types of Home Insurance for Buyers
You can be exposed to many risks as a homeowner, so it’s your responsibility to choose the right home insurance policy to cover them. Here are the most common types of home insurance for new buyers.
Home Building Insurance
Home building insurance covers the physical structure of your home in case of fire, storm damage or other covered events. Building insurance differs from the structural warranty provided by new construction builders, which covers defects in the construction of your home that may become apparent over time.
Another important type of insurance for home buyers is contents insurance, which covers your personal belongings in case of theft or damage. If you have valuable items like jewellery or art, you may want to consider insuring them separately.
Home and Contents Insurance
Home and contents insurance allows homeowners to combine different types of insurance under one policy. This policy covers both the structure of your home and your personal belongings, providing comprehensive protection in the event of a fire, theft or another disaster.
When shopping for home insurance, compare quotes from multiple insurers to get the best possible rate. If you have questions about what coverage you need for your new construction home, speak to Aston Homes today.
When Should I Purchase Home Insurance?
For a new construction build, you should look at getting home insurance once you have obtained a certificate of occupancy, i.e., once your new home is completed and it’s suitable to move in.
Does this mean you’re unprotected during construction? No! Home buyers are eligible for other types of insurance during construction. Domestic building insurance, organised by the builder on your behalf, covers you in the event they are unable to finish construction.
Builders must provide their clients with a structural warranty when undertaking a new construction home project. This warranty is designed to protect you if there are any major defects in the structure of the home.
Structural warranties provide peace of mind for new construction home buyers. At Aston Homes, we go above and beyond to ensure you’re happy with your home, offering a 12-month maintenance period and a 10-year structural warranty on all new construction homes.
Aston Homes Offers a Seamless Building Experience
Aston Homes is committed to providing our clients with a seamless building experience. All our builders are insured, and we have a 10-year structural guarantee, so you can relax and enjoy the process of seeing your home come to life, knowing you’re fully protected.
We understand that the process of building a new construction home can be stressful, so we do everything we can to make it as easy as possible. Our team of experienced professionals will work closely with you to ensure your vision becomes a reality.
Start Your Home Building Journey Today
Aston Homes makes every stage of new home construction simple and easy, providing outstanding service and aftercare to give you peace of mind. Contact us today to learn more about what we can do for you.