storm damage. Of course the particular cover needed will depend on whether the holiday property is at home or abroad. Theft insurance will also have to be taken into consideration and this doesn’t only apply to break ins and burglars but also to cover theft by guests if you are letting the property.
If renting out the property then consideration should also be given as to taking out insurance against the possibility of losing rent from the property and also if the property should be unoccupied for any length of time. There is a lot more of course to holiday property insurance, these are just the very basics.
It is essential that you fully understand what is in the policy as with all policies there are many hidden exclusions and again this is one very good reason that you should go to a broker to get the best deal. A broker can not only give you excellent advice and find the cheapest deals but also can give you advice on the type of cover that is suitable for your needs.
Sean Horton is a Director of Holiday Home Mortgages which offers UK residents the finance to buy a UK based holiday home. The site offers a Free Guide to download for Holiday Home Mortgages and the process for buying a UK Holiday Home.
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