Cheap Property Abroad Insurance
Compare holiday home insurance for UK and overseas property
Whether your holiday home is a house, apartment, villa, flat, chalet, located in the UK or overseas.
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Owning property abroad is becoming an increasingly popular investment option for UK residents, with as many as 1.5 million UK citizens currently owning property abroad. Insuring this property abroad generally requires a specialist insurance policy, as regular insurance simply doesn’t cover property which is left unoccupied for more than 30 consecutive days, which property owned by UK residents overseas generally is.
The kind of coverage that could be provided for property abroad insurance depends on the needs and the budget of the homeowner. Property abroad insurance could range from a fully comprehensive policy designed to cover every eventuality to a more basic policy that simply covers any accidental damage. Property abroad insurance may cover either buildings cover, contents cover, or both buildings and contents cover depending on the budget of the homeowner and the level of coverage they feel would be beneficial for their property.
Property abroad that is left unoccupied for extended periods of time is generally at increased risk of both theft and damage. Thieves tend to prefer to work in homes that are vacant, as their risk is minimised, whilst minor storm damage to a property abroad might worsen if the homeowner isn’t residing in the property to notice the damage, enabling it to worsen over time. Specialist property abroad insurance may take both of these factors into account and include them in the fine print of the policy.