Bespoke holiday home insurance, what does it mean to me?
Holiday homes are a popular investment in the UK. Whether owners enjoy their second property themselves for periods throughout the year, or if they choose to let their property out to paying guests, there are an array of risks to navigate around. From falling foul to theft while the property is unoccupied, to a guest sustaining an injury on an uneven patio, holiday home insurance claims can vary greatly in severity, so having comprehensive, reliable cover is a must.
Holiday home insurance versus main home
Insuring a holiday home is typically a bit more expensive than insuring your main home, but you can cut costs in many of the same ways ie compare quotes from different insurers and pay a year's premium at the start, rather than making monthly payments.
Insurance for a holiday let is necessary
Public liability insurance for holiday lets to cover legal costs and expenses if someone suffers an injury or dies while staying in your property. Employers' liability insurance is a legal requirement if you employ staff such as a cleaner or gardener. It covers your legal liability if they sustain an injury or illness.
Length of time for unoccupied holiday home
Although generally there are no set-rules in place that state how long you can leave your unoccupied property vacant for, it is important to note that most standard home insurance providers will only cover an empty property for 30 to 60 days.
Liability insurance cover is standard
Whether you use your holiday home for yourself or choose to let it out, it is important to ensure you are covered for liability to the public or any domestic employees.