Unoccupied properties and buildings in the course of construction

The housing market in Ireland shows no signs of slowing down. Customers who wish to start renovations, or purchase a piece of land to build their dream home are facing ever increasing construction costs, and associated fees. There is also restricted availability of insurance cover in the Irish market for buildings in the course of construction.

DUAL Ireland has the following products available for our brokers with High Net Worth Clients. 

• Buildings in the course of construction.

Eligibility

1. New and Existing customers.
2. Client insures a home and has purchased a greenfield site and wishes to begin construction on a new home.

Cover

1. Cover on main home remains in full while new home is in the course of construction.
2. POL cover initially on site, and fire cover as the property is being built.

• Buildings in the course of renovation.

Eligibility

1. New and Existing customers.
2. Purchased an existing structure to renovate with main house insured separately.
3. Renovating current home and moving to a rental property.

Cover

1. Buildings only and cover restricted to the following events: fire, explosion, lightning, earthquake, smoke and architects', surveyors', legal and other fees and associated costs.
2. Full cover for contents available whilst in rental property.

Note to brokers: All homes and sites must meet all of DUAL Ireland’s underwriting criteria prior to cover being accepted.