Unoccupied House Insurance

Things happen every day which change people’s lives, and necessitate the purchase unoccupied house insurance. Life can force us to change residences, vacate our homes or have extra guests. They can force us to close up shop at our businesses, and leave our workspace empty. These things are often taken for granted, but not by your landlords, commercial property or unoccupied home insurance. When these things happen it is vital to purchase additional insurance for the unoccupied property in order to avoid catastrophic risk.

No matter what disaster leads us to leave our homes, or shops it is critical to make sure that there is some form of protection in place should the worst happen. This means whenever we leave a house, flat, or building vacant there is unoccupied home insurance, or other forms of policy such as contents cover to protect us.

Going on Extended Holiday
It is important to know your regular insurance policy details, in particular how long you can leave without needing a specific policy, such as unoccupied home insurance. For complete and continuous coverage be sure to purchase contents insurance for the unoccupancy as well as the aforementioned home cover. If you decide to do a flat share while on holiday,  buy letting insurance that will protect your investment.

Elderly Parents
When mum or dad become ill and must stay at the hospital and then with you to recover, it is important even at a time like this, to consider the different types of cover to safeguard the home. Realise that there is a very real threat from undesirables and a unoccupied house is at risk for vandalism, fire, and theft while they are not in residence. Be sure to check on their home regularly.

Adult Children Come Home to Visit
Whenever your teenagers come to stay with you for any length of time, be sure that their residences are protected adequately with the appropriate home and contents insurance for any empty properties. It is easy to forget in the excitement of visiting family, or to stay for a longer period of time than planned so it is important that they are reminded of the need for this cover.

Called Away for an Emergency
Whether your emergency is of a health, family or business nature, it is important to protect your home because the likelihood of unplanned losses can be very real, and it is equally important to protect your businesses if you are leaving it closed during an extended emergency. Home insurance for an unoccupied property will cover you while you are away, and help you to avoid being exposed to potentially catastrophic risks.

Closing up a Shop
If you own a building which you or another party are operating a business in, and that business must close either temporarily or permanently, get the premises covered adequately. If you will be leaving equipment or merchandise in the building, be sure to purchase contents insurance for unoccupied property as well.

Residential Property for Let
If you have residential property for let and have landlord’s insurance, it is important to switch over whenever your house is vacant. Your regular let property insurance will not cover if the rental unit or entire property is vacant.

Retail, Commercial or Industrial Property for Let
If you own business property of any kind and it becomes vacant, it is vital to purchase unoccupied business insurance and contents insurance for the property for as long as it remains vacant. These sorts of properties are especially at risk for fire, vandalism and theft. Take all the necessary steps to insure continuous coverage.

It may seem the last thing to worry about in the event of an emergency, but considering what is at stake it is always well worth the time to contact an unoccupied house insurance specialist/property professional, no matter what else is going on in your life. It is quite common when things get hectic and details are missed for tragedy to strike. As an investor, be sure you are covered by having the right cover to protect all your properties when they are vacant.

 

Related content:

Unoccupied property insurance
Unoccupied property insurance – What’s the Point?
Insurance for an unoccupied property – Reasons
Unoccupied property checklist
Squatters, vandalism and your unoccupied property
Is The House Unoccupied or Empty?

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