There are likely to be two principal insurance issues whenever you are considering renovating or refurbishing an empty property: The issues are such that the standard forms of building and contents.
If a property is left empty for any length of time there is not only the apparent waste of an essential residential or commercial resource, there are also real financial costs.
The small print of an insurance policy rarely seems to make very interesting reading, but here are a few reasons why you might want to break your normal habits and take a closer look.
Forgetting any legal obligation that you may have to your mortgage lender that dictates that you have appropriate buildings cover, arranging let property cover at the time you exchange buyer.
Probably the most important consideration when buying any kind of insurance is to choose the policy that most closely suits your needs and circumstances.
It's an unfortunate fact of life that an empty property can sometimes be something of a magnet for trouble. That's why it is always sensible to have unoccupied house insurance in place.
Unoccupied property insurance is a vital aspect for any landlord to be aware of. As, in recent years, many property owners have become accidental landlords, many of the finer details of insurance.
As you may be aware, elements of your buildings and contents insurance may become invalid in situations where your property sits unoccupied for more than a specified period of time.
Unoccupied property insurance is an area of cover that occasionally catches property owners out and at other times causes confusion.
Both landlords and private property owners often want to insure themselves against all the risks that their properties may face in order enjoy greater peace of mind.
Many homes may become temporarily vacant and unoccupied because the previous owner has died. There then follows a potentially lengthy and complicated process of probate during which the ...
It may be important for any landlord to give some thought to the situations where a letting property may be unoccupied.