Holiday Property Insurance

Holiday property insurance is the type of insurance policy that covers holiday property that you might own here in the UK or abroad. A holiday property can refer to a second home that you own, Chalets, Cabins or other property you might own that falls under that category. Once you have achieved the milestone of purchasing a holiday home or holiday cabin, it is essential to explore the options of protecting the investment through insurance.

Property owners generally buy insurance to protect themselves from financial loss should their property suffer unexpected damage in some way. An insurance policy for your holiday property will typically insure your property against accidental damage, certain liabilities and various other types of damage that you might find yourself responsible for. The specific items and incidents that you can make a claim on are usually laid out in writing in the policy that you choose.
Therefore, it is essential that you fully understand any policy that you sign up to. You wouldn't want to learn after a claim that you are not covered in the way that you might have assumed, so do ask questions. Your insurance representative should be able to explain anything that is unclear about your policy to you.

Sometimes covered by holiday property insurance:

Payouts to the sum of your policy
Public liability
Employer's liability
Additional accidental damage
Emergency travel to your property
Loss of rent following a claim

In addition to what is listed above, there are many other property features that a holiday property insurance policy could possibly cover. Since all insurance policies are unique, it is a good idea to read carefully through your policy to learn what is covered. If you have a holiday property that contains unique features that are not typical to the majority of holiday homes, you may need additional coverage. These are things that you would discuss in depth with an insurance representative.

Most property insurance policies have additional coverage that is optional. Your policy may actually have a section that is dedicated to addressing additional coverage and the options that are available to you outside of the basic policy. You might find that certain features of your property such as a swimming pool or garden furniture can be included and covered through buying additional insurance coverage on them. If there is specific coverage that you want that you don't find in the first few policies that you look at, you might have to shop around to find a policy that is flexible or specific enough to meet your needs.

Possible additional coverage:

Accidental damage
Garden ornaments and furniture
Replacement locks if keys are lost or stolen
Contents removed temporarily from building
& more

Ultimately, holiday properties vary in size, in value and in features. It is important to sign up to a holiday property insurance policy that will fully or closely meet your needs. In many cases, you will need to balance that out by purchasing the most coverage possible with your particular budget