Is my empty property insured? – Unoccupied Property Insurance
If you’re property is unoccupied, you’ll need a temporary unoccupied property insurance. You can choose from a 3, 6, 9 or 12 month insurance policy to cover your property.
Will I be covered by normal home insurance?
Many people make the mistake of assuming that their Home Insurance will cover damage to their property when they’re not living there. But the majority of Home Insurance policies DO NOT cover a property when it is unoccupied.
So, If you have Home Insurance, your policy would become invalid if no one is living there and you leave the property unoccupied.
Does Home Insurance cover me on holidays?
Each home insurance policy is different, but your insurance will remain valid if your property is unoccupied for short periods of time. Most insurers allow a property to be unoccupied for 60 days (some only allow 30 days). So if you’re leaving the property empty for over 30 days, you’ll need temporary unoccupied property insurance.
Does home insurance cover properties unoccupied for building/maintenance work?
If you’re leaving your home unoccupied to allow building work to take place, you may need temporary extra cover. Even if builders will be at the property, the 30/60 rule still applies. If no one is sleeping at the property for over 30 days, you’re unlikely to be covered.
How much does it cost?
It’s more expensive than normal home insurance, but it’s not that expensive. The cost of insurance depends on a number of factors including:
- value of the property
- how long it will be unoccupied
- location of the property
- security at the property
- reason for being unoccupied
When unoccupied, your property is at risk from being targeted by thieves, vandals and squatters. Whatever the reason, if your property will be empty for over 30 days, it’s important to properly insure it.