Insuring green houses

Striving towards leading a more sustainable life is fast becoming a priority for many people due to climate change. This is not limited to cutting out plastic or using public transport instead of driving to reduce carbon emissions, it is also current within the home and construction industry.

The move to eco-friendly living is a step in the right direction. While this is still a new trend in South Africa, it should become the norm in years to come. Green homes make it possible to save more energy and water and contribute to a healthier way of living. If you are thinking about major eco-friendly changes to your home, you will need to consider your home insurance.

You should contact your insurance provider before you start the process since it could involve insurance risks. Planning is key if you are set on major renovations like making provision for more natural light by fitting a glass ceiling or panels. Building plans need to be pre-approved. If this isn’t done, you run the risk of having any claims repudiated. If your plans are non-compliant with building regulations, you might find yourself in some trouble with your neighbours who may file a liability claim.

It is advisable to inform your insurance provider when you’re renovating. Building insurance usually covers things like leaks, fire damage or theft, but you may also need Special Home Insurance to cover the things your building insurance does not. This includes Flood Insurance to cover damage from flooding, as well as Thatched Home Insurance.

You also have to inform your insurer if your home will be vacant while renovations are being done and check whether your policy covers this. If your policy only makes provision for a certain amount of days, Unoccupied Home Insurance should be considered, as you may be liable for any damages occurring during the days that are not covered.

Homeowners need to contact their insurers as soon as their home improvements are done to establish if they need to update their building insurance policy. Any upgrades to a home will add to its value and some additions may pose a greater risk. Homeowners need to ensure the amount their home is covered for reflects the current value of replacing it and that higher risk upgrades are noted on the cover.

Vera Nagtegaal is executive head of Hippo.co.za

Inform your insurer if your home will be vacant while renovations are being done and check whether your policy covers this.