Renovation Insurance Guide for BC Homeowners: What You Need to Know

Is Your Home Insured During a Renovation?

Many BC homeowners don’t realize that a standard home insurance policy may not cover losses during major renovations. In some cases, your coverage is automatically suspended when construction exceeds certain thresholds — leaving you exposed to fire, theft, and liability risks during your renovation.

When Standard Home Insurance May Not Cover You

• The home is vacant for more than 30 consecutive days
• The renovation involves structural changes, additions, or major systems work
• The total project cost exceeds 25–30% of the home’s insured value
• The home is uninhabitable during construction

Coverage You Need for a Major Renovation

Course of Construction (COC) Insurance

Also called Builder’s Risk insurance, COC covers the structure and materials during construction against fire, vandalism, theft, and weather events. Cost: approximately 1–2% of project value annually ($500–$2,500/year for a $100,000 renovation).

Contractor Liability Insurance

Your contractor should carry minimum $2M commercial general liability. Request a Certificate of Insurance naming you as an additional insured. This covers accidents on your property during construction.

Renovation Rider / Endorsement

Some insurers offer a renovation endorsement to your existing policy for projects under $50,000 that don’t require full COC insurance. Call your broker before starting any renovation — they can advise on what your current policy covers and what you need to add.

WorkSafeBC vs. Liability Insurance

These are separate and both required. WorkSafeBC (WCB) covers contractor employees for workplace injuries. Liability insurance covers damage to your property or third-party claims. A contractor without WorkSafeBC coverage can expose you to injury claims from their workers.

→ See also: Vancouver Renovation Planning Guide

More Permits & Regulations Guides

Structured Wiring During Home Renovation in Vancouver: Future-Proofing Your Home Network

Home Security System Installation During Renovation in Vancouver: Cameras, Sensors, and Smart Locks

Solar Panel and Battery Storage Installation in Vancouver: Is It Worth It in 2026?

Heat Recovery Ventilator (HRV) Installation in Vancouver: Why It's Required and What It Costs

Smart Lighting Installation During Home Renovation in Vancouver: Options and What It's Worth

VGC Editorial Team

✓ Licensed Contractor500+ Projects15 Years Experience

Vancouver General Contractors has completed 500+ home renovations across Metro Vancouver since 2010. Our articles are written and reviewed by licensed contractors, project managers, and renovation specialists with hands-on field experience.

1044 renovation guides published on this site.

About VGC →