Insurance and Unoccupied Properties

As owner, you might as well have their property and their own financial interests are protected, appropriate insurance.

Normally, that is, it provides coverage for the building itself, as well as accessories, fittings and contents. Could also offers significant protection by liability insurance.

However, it can be all important problems that occur when your property was free to be notified for a period of more than 30 consecutive days.

Buy to let insurance usually contains a clause that the property remains vacant for more than 30 days. If it has no plans to make free insurance, insurance can be terminated.

It is not difficult to accumulate a period of 30 days without work - in fact, one could pass without noticing it.

Maybe a plan to stop simply been abandoned, or the renovation and decoration have been exceeded, so that you cannot leave your property.

Whatever the cause, if not, the threshold of 30 days your insurance is valid, and any claim you may be refused.

Although this can be discussed in the purchase of home insurance policies also apply to owner-occupiers.

Of course, the various providers of homeowners insurance "light can have different definitions and it is important that you read and understand your contract to determine the exact position as it can apply to your situation.

The good news is that insurers often offer a way, the so-called unoccupied property insurance to cover gaps in the coverage of this type filled.

Note that the terms of the vacancy, regardless of whether the property is furnished or unfurnished. Even if your property fully furnished for rent when not occupied by more than 30 days, then an insurance policy in force that the property is invalid in the rule.

Posted in: Insurance