There are a lot of extra risks that need to be understood when you are involved with unoccupied property. Ensure you keep up with our articles and know the ins and outs.
If you are going away to leave your home unoccupied for a month or more, or if you are the landlord of let property which remains empty for a similar length of time during a changeover of tenancies.
If you read through the details of your landlords' insurance policy, you may note that there are significant parts of it that relate to the risks that you and your property face.
When someone dies, the house in which they have been living is likely to become unoccupied. The property may remain empty throughout the period of probate – during which the eventual disposal...
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.
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.
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.
According to the housing pressure group, Empty Homes they estimate there are some 845,000 empty homes in the UK and some 300,000 of these have been empty long-term - longer than six months.
If a property is left empty for any length of time there are real financial costs which the owner of that property is likely to bear. Here are a few of the different costs associated with empty…
When someone dies that lives alone, it’s likely that their property will become unoccupied. The house could remain empty through the entire time of probate. The outcome of the unoccupied property is…
Many property owners do not realise that they are not automatically covered when their property remains unoccupied for an extended period of time.
Home renovation is usually a more cost-effective way of gaining more space or remodelling your home or rental property than moving to a new house or investing in a new property. The costs associated…
