A guide to Property Insurance
What cover do you need?
A property is often the single most expensive purchase you’ll ever make so it’s important that you have the right property insurance in place.
Whether you are looking to insure your main home, a second home or a holiday home abroad, you can rest assured that with the correct property insurance you will be protected.
If you own either a single buy-to-let property or a residential and commercial property that you rent out to tenants for commercial reasons, property insurance covers you no matter the size, type and location.
Having the right type of property insurance is very important. Not only does it cover you for fire, flood and everyday mishaps caused by tenants that could lead to expensive claims, but it can cover for potential losses of rental income after an incident and for any unoccupied periods, as well as the risk of subsidence or damage to contents.
If you own a holiday home overseas, whether it’s an apartment, villa, cottage or chalet, property insurance can insure you either in conjunction with your main UK residence or as a separate stand-alone policy.
Property insurance can include cover for buildings and contents, garden cover and cover for accidental damage to domestic pipes, cables, sewers and drains, which you are responsible for.
With an increase in wealth comes an increase in property size and household contents. Property insurance can be tailored to your exact needs.
Property insurance can provide cover for all types of privately owned domestic properties including Grade I or II Listed, thatched and other types of non-standard construction properties.
It is a common misconception that a standard home insurance policy covers seconds homes which ultimately invalidates the cover and leaves the second home uninsured.
Correct and sufficient property insurance for second homes can include cover for buildings and contents, garden cover, as well as for accidental damage to domestic pipes, cables, sewers and drains, which you are responsible for.