The holiday season is a time to enjoy. You have probably been looking forward to summer throughout the dark winter months and are just looking to get away for that well-earned longer break.
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 ...
Your usual home insurance and landlord insurance policies will require the property to be occupied. If your home or property is going to be empty then you will need to consider what is best for you.
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.
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.
If your property stands unoccupied for more than a maximum number of consecutive days, typically specified in the policy detail, any standard landlords' cover may become invalid.
There is a fine balance to be had when it comes to renovating or decorating your investment property.
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.
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.
The simple answer is that unless you have made alternative insurance arrangements, you are almost certainly not covered if the property remains empty and unoccupied for as long as four months.
If you have a careful read through the detail of your property insurance policy, you'll typically come across a clause or condition relating to the occupancy status of the property.
Unoccupied property insurance is an area of cover that occasionally catches property owners out and at other times causes confusion.