Last Updated on August 18, 2008 by Mark Lavington
In Part 7 – Guide to Holiday Home insurance – General Considerations we look more deeply into the conditions and warranties that may apply to your holiday home insurance policy. Ensure you have a good understanding of your policy cover and in particular you understand your obligations regarding any conditions or warranties. You or an agent may need to inspect your property every 14 days whilst empty; or ensure that a minimum temperature is maintained during cold spells if the water is not turned off and drained. These are not only sensible procedures to reduce the risk of the potential for damage to your property but may also affect your ability to make a claim if not adhered to.
Do check that you are still fully covered even if your holiday home property is vacant for long periods; some holiday home insurance policies will reduce cover to a minimum or even exclude certain covers completely.
If your holiday letting business is seasonal, you may have considered letting the property on a short hold tenancy agreement for six months. If this is your intention be sure to check that your Holiday Home Insurance policy allows for this.
For your own peace of mind check that your policy covers all of the above and remember that you only find out how good your broker and insurers are when you make a claim – so make sure that price is not your only deciding factor when selecting holiday home insurance. Compromising on cover to save money when insuring your holiday home is not an option – you wouldn’t take unnecessary risks, would you?”
Check out the following posts which expand on Boshers Guide to Holiday Home Insurance – Introduction or visit our Holiday Home Insurance page.
Boshers Ltd are Independent Insurance Intermediaries and have been arranging specialist holiday home insurance for owners of commercially let UK holiday homes since 1990. For further information and quotes visit Boshers website or telephone Boshers on 01237 429444.