As with nearly all kinds of insurance, when it comes to protecting your holiday home it’s essential that your insurance policy provides the right level of cover. Regardless of whether you own one, five or are thinking about buying your first holiday home abroad, having the right type of cover will help protect you should the worst happen.
Key considerations when buying Holiday Home Insurance
It’s only natural to want a great deal when it comes to your holiday home insurance, but it’s also important to make sure you buy the right level of cover. So here we look at some key things to consider when purchasing your next holiday home insurance policy:
Get to know your property
If you have only recently invested in a second home it’s unlikely that you will know it as well as your current property. Little things that may have previously missed your attention such as the materials the property is built with can eventually add up to make a huge difference, and this information is essential when purchasing a holiday home insurance policy.
If you haven’t already, make sure you perform a thorough inspection of your holiday home to truly get to know what needs protecting the most. Don’t forget that there will be certain differences between your holiday home and your primary household; keeping a keen eye out for these differences could benefit you in the long run.
Make sure you also assess the level of security at the property and consider adding extra security features if you intend to leave the property unoccupied for long periods of time.
Check out the local area
One of the main reasons people decide to buy a property abroad is that they love the area so much that they want to make it their second home. However, even though you may have fallen in love with a place it’s important that you get to know it on a more practical scale. For example, do you know where the closest police station is or whether there are qualified tradesmen nearby who can help you should there be an issue with your property?
When staying at a hotel you rarely get to know an area like a local, which means that you may not have the full picture. If you are adamant that you are going to buy a property in a certain area try staying there in a self-catered property for a few weeks before making the big jump!
If possible speak to local residents to get a better understanding of the area and whether there are any hidden problems like flooding, drought or landslip.
Plan your stays
Even though one of the best things about owning a holiday home is that you get to visit whenever you like without having to worry about finding accommodation, the truth is it’s always a good idea to know exactly when you are going to stay there throughout the year. This is for many reasons, the most important one being that you will know exactly when and for how long your property will be left unoccupied throughout the year.
Unfortunately, unoccupied holiday homes are sometimes targeted by opportunist thieves, especially during off-peak periods when they know less people are about. This is why you need to let your insurance provider know how long you are planning on leaving your holiday home unoccupied each year so you can receive the adequate amount of protection.
Read the small print
Whenever people hear of the phrase “small print” they tend to switch off, however when it comes to protecting your holiday home it’s essential that you understand every single part of your insurance policy. It’s the small print that can make all the difference if something happens to your second home, such as whether you have access to an emergency hotline during evenings and weekends or if your expensive wallpaper and carpets are covered if a drain bursts.
The easiest way to take control of your holiday home insurance is to make sure that you read everything before you buy and ensure that you have protected what matters the most. Don’t forget that if you have any questions you should ask your provider straight away as they are there to help. Finding the right holiday home insurance policy should be something that you dedicate your time and attention to – that way you can relax for the rest of the year knowing your holiday home is safe! Remember, the whole point of insurance is to help you should the worst happen, so make sure you keep this in mind when purchasing your next policy.
Get in touch today
For more information on holiday home insurance or speak to one of Intasure's Holiday Home team on 0330 100 2232 to get a quote.