Holiday Home Insurance
Great care must be taken when arranging holiday home insurance to ensure that your investment is protected and the supporting insurance can be relied upon in the event of a claim. For holiday homes overseas it is essential that the insurance policy is issued in a language that you understand and can adequately evaluate.
When it comes to looking for holiday home insurance then the standard household insurance policy is simply not adequate and contains many exclusions which affect the ownerships and operation of a holiday home, for example many standard house insurance policies exclude cover:
- if the property is left vacant for long periods of time
- if the property is rented, even if it is just to friends and family
- for tenants who may rent the holiday home
When arranging holiday home insurance it is essential that the insurer is aware that the property is to be operated as a holiday home and whether or not it is your intention to rent the property. If the property is just going to be used as a holiday home then there will be times when it will stand empty. If you intend to rent the holiday home, this includes renting just to friends and family, then you may be classed as a landlord and should ensure the holiday home insurance provides adequate cover for your corresponding liability.
When arranging holiday home insurance you will need to ensure you have extended cover for the contents of the property and that the policy provides appropriate liability insurance for the intended operations, this will not only cover you but also your guests.
Just as important is that you choose a specialist broker like Robertson Low who understand the importance of insuring the investment a holiday home represents and the pit falls that can occur when arrange specific insurance for holiday homes, in Ireland or overseas.
Please contact us and we will be delighted to talk you through arranging insurance for your holiday home.
