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Holiday Home Insurance: The Most Frequently Asked Questions

December 21, 2015

Read the most frequently asked questions about holiday home insurance; see the answers, compare quotes and find the best deal to suit you.

Is holiday home insurance necessary?

If you own a second home, which may be left unoccupied for long periods of time, your usual home insurance policy will almost certainly not be applicable for provision of cover.

Let your insurance company know it is a holiday home as many will not offer protection for second properties; if you make a claim they would not pay out. Find out more in our beginners’ guide to holiday home insurance.

Why is a holiday homes judged to be a greater risk?

Holiday home insurance is seen by insurers as a greater risk due to the following:

  • If the property is let for rental, there is more likely to be a damage risk
  • If it is unoccupied, a burst pipe or other damage could go unnoticed
  • An empty property could be broken into or occupied by squatters.

What cover is most appropriate for letting out my holiday home?

Whilst individual circumstances play a part, some of the issues to think about are the following:

  • Loss of rental income
  • Public liability insurance: accident or injury cover for a guest occupying your property.
  • Employers’ liability insurance: to cover any employees taking care of your property
  • Damage caused by guests
  • Contents cover
  • Letting out your property for an extended period

Are there any other items I need to think about?

It’s always advisable to carefully read through the Terms and Conditions of your policy, particularly for the following:

  • Boats, boards and watercrafts may need extra add on insurance cover
  • Theft by guests is worth looking at as an optional extra
  • Solar panels may not be a standard feature of the policy
  • Emergency travel cover if you need to travel far to deal with a problem
  • If the property is left unoccupied for 30 days or longer – known as an extended period – extra cover may be required.

For answers to any further questions, see our holiday home insurance guides.

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