At H&H Insurance Brokers, we often speak to owners who are unaware of potential gaps in their cover - until they need to make a claim. Here are five common pitfalls to be aware of:
1. Relying on Standard Home Insurance
A holiday let is more than just a home - it’s a business. Standard home insurance policies often won’t provide adequate cover for paying guests, which could leave you exposed in the event of a claim.
2. Underestimating Liability Risks
When you have guests staying at your property, there is always the risk of accidents such as slips or trips. Without appropriate public liability cover in place, you could be held responsible for costly claims.
3. Not Protecting Your Income
If your property is damaged and unable to accept bookings, particularly during peak season, the financial impact can be significant. Business interruption cover helps protect your income while repairs are carried out.
4. Overlooking Guest Damage
While most guests take care, accidents do happen. Damage caused by guests isn’t always automatically included, so it’s important to ensure your policy reflects this risk.
5. Forgetting About Additional Features
Hot tubs, outbuildings and high-quality furnishings can enhance your offering - but they can also increase your exposure. These features may require specific cover to ensure you’re fully protected.
Here to Help
Every holiday let is different, and having the right insurance in place can make all the difference when something goes wrong. At H&H Insurance Brokers, our experienced team works closely with holiday let owners to ensure their cover reflects their individual needs - giving you confidence and peace of mind all year round. Call us on 01228 406290 to discuss your needs – we’d love to hear from you.