Here is a quick summary of some of the major points relating to an unoccupied property insurance quote:
- why you may need it – the risk profile of your property may typically be seen to be significantly different between the states of being occupied and unoccupied with the latter exposing it to additional risks of cumulative unnoticed damage, burglary and vandalism etc;
- when you may need it – there may be some differences between insurers but typically traditional home buildings and insurance or landlords insurance policies will cover an unoccupied property for a maximum of 30 consecutive days, after which standard landlords insurance may become invalid and continuity of cover may be maintained by starting with an unoccupied property insurance quote;
- what it entails – a policy may typically offer you cover for your buildings and contents in a situation where your property is unoccupied but some policies may have different conditions that apply once the period passes a further threshold (perhaps 3 6, 9 or 12 months);
- your obligations – it is always a good idea to carefully read the terms and conditions of any insurance document and in the case of unoccupied property cover, you may wish to note that you may be obliged to periodically visit the property to perform inspections, rectify immediately any internal defects that may lead to damage and to keep external garden areas in appropriate lived-in appearance (you may also find an obligation to ensure that you keep a journal of the days you visited the property and any work undertaken);
- its necessity – keep in mind that if you make a claim under a standard and the insurer subsequently discovers that the property was unoccupied at the time the incident took place, you may find your claim will be refused and you may also become involved in fraudulent claim proceedings;
- its ease – you may find it is very straightforward to pick up an unoccupied property insurance quote and that it is time well spent.