A garden room is going to cost you a lot of money so you will want to ensure that your investment is protected.
Protection during the build
You will make payments towards the cost of the garden room at stages during the build. These stage payments will each amount to thousands of pounds and you may want to protect these payments whilst you wait for the building to take shape.
One option is to pay on your credit card as payments made on a credit card over £100 are protected under Section 75 of the Consumer Credit Act 1974. This article (http://www.moneysavingexpert.com/shopping/section75-protect-your-purchases) by the Money Saving Expert clearly explains the situation.
Another option offered by some of the bigger suppliers is a deposit insurance policy. With this system you take out an insurance policy to cover the cost of your deposit should the supplier go out of business. However, we have heard that buyers of the more expensive garden room designs have hit up against a problem where their deposit payment is more than the standard amount covered. In these situations, it’s worth talking with an independent insurance broker who may be able to arrange a bespoke policy for your situation.
Protecting your garden room once it’s built
Many garden room suppliers offer warranties on their buildings. These often run for 5 or 10 years after completion of the building. This offers you peace of mind if there is a problem down the line.
The issue with some of the warranties on offer is that they are only valid if the supplier is still trading 5 or 10 years after the build. If they stop trading the warranty dies.
To protect yourself in this instance several suppliers offer insurance backed warranties. In these cases, an insurance policy is taken out when the room is completed and this would cover the costs of any repair even if the original supplier is no longer trading.
It’s wise to check with your supplier as to who is liable for the premium payment - is it included in the project cost or is this an extra you have to pay for?
Insuring your new room
One of the first jobs most buyers do once their garden room is complete is to add the new room and its contents to their house insurance. It’s not uncommon for us to hear that this hasn’t been as simple a task as a quick phone call!
Owners have reported back to us that some insurers are not keen to insure garden rooms because of their timber frame construction and, particularly, the flat roof designs.
But fear not, there is a solution. An independent insurance broker will find you a policy that covers your garden room. Henshalls have written a couple of posts on The Garden Rooms Guide and readers tell us they have been very helpful in insuring their garden rooms.