Owning a property that’s currently empty comes with an additional level of risk- which is why homeowners’ insurance for empty homes can come in so handy. Adding an extra layer of protection to your property, empty property insurance safeguards you and your home against the unexpected.
Empty property insurance helps safeguard against threats such as vandalism, theft, weather damage, and unforeseen accidents that might not be covered under standard home insurance policies.
Who Needs Empty Property Insurance?
Second Home Owners
If you own a second home in the UK, insurance for empty homes covers you for the long periods between visits. When your home isn’t in use all the time, it can increase the general risk of incidents, especially theft and vandalism.
Homeowners Renovating Their Property
Renovations can take a lot of time, especially if you’ve bought a fixer-upper. If your property is going to be empty for over 30 days, your standard home insurance is unlikely to provide the correct cover if anything should happen while you’re not there – empty home insurance keeps you covered in case the unexpected happens.
Homeowners Working Away
Working away for a month or two? If you’re sent to another part of the country or a different country altogether with work and your home won’t be occupied, empty property insurance could be right for you.
People Waiting For Probate
Inheriting property can take a long time. The probate process can take several months, and even years, so if there’s an empty property waiting for you to claim it, make sure it’s insured.
Landlords
Sometimes, your rental property can remain empty for a few months while you spruce it up for new tenants to move in. In this case, alongside dedicated landlord insurance, empty property insurance is ideal.
What To Consider When Insuring An Empty Home
If you’re wondering if homeowners insurance for empty homes is right for you, consider the following:
How Long It Will Be Empty
Most standard home insurance policies limit unoccupied cover to around 30 days. If your property will be empty for longer, specialist empty home insurance is usually required.
Where Your Property Is
Homes in areas that face significant flood risks or are in areas with higher crime rates can face greater risks. Empty home insurance means that if anything should happen to your property, you won’t need to pay out of pocket to fix the damages.
The Condition Of Your Property
A well-maintained home is easier to insure. Properties that are already in disrepair may have more limited options or higher premiums.
The Security Measures Currently In Place
Properties with good locks, alarm systems, and other security features may benefit from lower insurance costs. Make sure your property meets the basic requirements set by insurers.
Empty Property Insurance With Brunel Insurance For People
At Brunel Insurance For People, we understand that every property and situation is different. That’s why we offer tailored empty property insurance policies that suit your individual needs. Whether your home is unoccupied short-term or for several months, we can provide flexible and comprehensive cover to protect your investment.
Get in touch today to speak to one of our advisors and find the right level of protection for your empty property.
