Overseas property insurance tips

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Many overseas property owners will elect to buy a UK holiday home insurance policy to cover their overseas second home. This is because the wording (ie the small print) will typically be easier to understand and, in the event of a claim, it makes sense to deal with a UK call claims centre rather than one in another country.

Holiday properties face different risks to those of a home. For example, it could be left standing for quite a long period of time making it more vulnerable to theft; or, if you rent the property out, you will need to have specific cover in place to not only protect the property against potential damage caused by rentals, but to protect the holiday makers themselves! That is why a traditional home insurance policy is typically not a consideration.

Do check what the cover entails when looking for holiday home insurance. Otherwise, you could end up paying for something you don’t need (eg swimming pool cover when you don’t have one) or, which is much worse, not having cover for something that is damaged.

Having a holiday home should be something enjoyable and stress free. By ensuring that you have the right holiday home insurance in place, you can have peace of mind that your second home is properly protected.

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