Empty Property

Protect your empty property investment with adequate cover.

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	Cover available for property undergoing building work.		Wide range of insurers who accept empty property.
	Content's cover available.		No application forms necessary.
	Empty for a long period of time? No problem.		Cover for property whilst in property.

Empty Property Is Worth Securing

Our homes are valuable and represent probably the biggest single investments that most of us are likely to make. That is one of the reasons, of course, why we insure both the buildings themselves and their contents. But there are times when such a valuable asset can all too easily slip through the insurance net. Arranging adequate insurance cover for empty property, for example, is by no means as straight forward as that for a continuously occupied home and financial protection requires a little more thought. This is why UKinsuranceNET have sourced a wide range of empty house insurance policies!

The reason why an empty property can fall through the net is because the normal insurance cover you usually enjoy when occupying the property can lapse if it is left empty for a period of time (typically, longer than 30 days). Of course, standard home insurance policies vary in their respective terms and conditions, so any owner of a property that is likely to be unoccupied for a period of time, should at the very least inform their insurers. Failure to inform the insurers can mean that the policy is totally invalidated or reduced to a very basic level of cover.

The problem, then, is that very many insurers will say that they are unable to extend cover if the property is to be left unoccupied or that the level of cover is reduced to the barest minimum and offers inadequate security for the full range of risks to which an empty property is exposed. this problem is exacerbated if the property is let in which case you will require a bespoke let property insurance policy.

In order to maintain cover at a sufficient level and to protect the considerable investment represented in the property, therefore, it is essential to seek out the sort of specialist unoccupied insurance that covers empty homes. In principle, of course, this will not differ substantially from standard home insurance, but it will take into particular account the reasons for the property being unoccupied, the length of time it is expected to remain empty and the ultimate purpose for which it will be re-occupied.

The reasons for the property being empty in the first place can be many and varied. It might be a relatively temporary period, for example, because different homeowners in a chain are selling, buying and moving house. It could be that the former owner has died and ownership of the property is awaiting completion of the process of probate. The property might have been bought as a buy to let investment and is currently between tenants, awaiting new ones to move in. On the other hand, the property could be temporarily unoccupied because it is being renovated or refurbished.

Our Specialist, empty property insurance takes into account many of these reasons and ensure that the value of the property continues to protected in terms of the structural integrity of the building itself and the contents and possessions of the owner that might still be within the property. Empty property insurance can not only ensure that these risks continue to be covered, but many policies permit an easy conversion, once the home has been reoccupied, to the standard forms of all-risks buildings and contents insurance or alternatively landlords insurance.

Empty property insurance is relatively new to the British insurance market, but the gap it fills is increasingly recognised and competition amongst different providers is beginning to increase. Although this has the distinct advantage to the consumer of driving down the price of premiums, it does mean that the search for the most appropriate level and type of cover can prove more difficult. In these circumstances, the best advice is probably to seek out the services of a specialist, professional insurance adviser. At UKinsuranceNET we have a team dedicated to providing advice on unoccupied property insurance. We believe this dedication makes us the premier resource for unoccupied & vacant home insurance in the UK.