BIBA renews Renovation Plan scheme

16th July 2020

The British Insurance Brokers’ Association (BIBA) has renewed its member scheme with broker Renovation Plan for properties undergoing renovation work.

Renovation Plan is a specialist insurance scheme for properties undergoing construction, renovation or conversion catering for large or small projects including both residential and commercial properties.

The scheme covers the existing structure, party wall insurance, contract works and liability for a wide range of projects, valuing between £25,000 – £5,000,000, including standard extensions, barn conversions, basement conversions, self-builds, listed buildings, churches and commercial buildings. It provides enhanced hand tools cover, an enhanced hired-in plant limit, and no minimum levels of support.

Mike Hallam, BIBA’s Head of Technical Services, said: “We are pleased to renew this popular scheme that provides brokers with access to a specialist policy to ensure their customers have adequate insurance protection throughout renovation projects. Most standard policies are unlikely to provide cover if a property is unoccupied and undergoing work nor will they cover the building work itself.”

Dean Wright, Head of Sales for Renovation Plan, added: “We are really pleased to have renewed the scheme with BIBA and look forward to continuing to offer specialist cover and service to BIBA members. We have forged some great relationships over the last three years which we look forward to further developing, and I am excited about the new relationships we will create in the next three years!”

For more information brokers should visit BIBA’s website, view a Broker’s guide  to insuring a renovation project or a guide to Health and Safety for Self-Managed Projects

-ENDS-

Notes to editors

  1. For further information please contact:

BIBA press office:
Pam Quinn, Head of Communications
020 7397 0223
[email protected]

Leighann Forsyth, Deputy Head of Communications
020 7397 0224
[email protected]

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  1. About the British Insurance Brokers’ Association

The British Insurance Brokers’ Association (BIBA) is the UK’s leading general insurance intermediary organisation representing the interests of insurance brokers, intermediaries and their customers.

BIBA membership includes more than 1800 regulated firms, employing more than 100,000 staff.  General insurance brokers contribute 1% of GDP to the UK economy; they arrange 67% of all general insurance with a premium totaling £66.5bn and 81% of all commercial insurance business. Insurance brokers put their customers’ interests first, providing advice, access to suitable insurance protection and risk management.

BIBA receives more than 600,000 enquiries per year to its Find Insurance services, online and via the telephone which are directed to member insurance broking firms.

BIBA is the voice of the sector advising members, the regulators, consumer bodies and other stakeholders on key insurance issues.