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Reasons Why You Need Unoccupied Property Insurance Policy

Author: Sanjana Antony

Most often that not, people leave their property to go on a long vacation or for a business trip only to come back and find it ransacked. They are not aware of the insurance policy for unoccupied property. When they get back to their normal house insurance company only do they know that the damage is not covered for since an unoccupied property insurance was not taken. This is when they realize that they could have insured their property for the time it was not occupied.

Most home insurance companies offer the property owner an unoccupied property insurance policy. However since the risks involved are high the insurance premium that the individual requires to pay is high as well. Therefore there are not many insurance companies that offer this kind of insurance policy. However you will need to shop around for the best insurance policy that will not cost you a lot of premium.

With unoccupied property insurance policy your property is secure from acts of vandalism, theft, floods, acts of God etc. This is because while you leave your property unoccupied for a certain amount of time, it could attract thieves. There could also be a storm that could burst your property's water pipes. These are unforeseen events, and with an unoccupied property insurance you can be assured that you can claim for the damages.

Here are a few reasons why you would require an unoccupied property insurance policy.

  • It could be a new property that you have purchased and before you move in, you probably require to do up the interiors according to your style. The property could lie vacant before you find an ideal interior decorator.
  • The property you usually let out is not vacant as your previous tenants have moved. You are in the process of looking out for new tenants, and while you do so, your property lies unoccupied. This is another reason why you need to have unoccupied property insurance.
  • You are looking at selling your property, and till the time you find a suitable buyer your property could be left unoccupied.
  • Another reason that you might require an unoccupied property insurance policy is when you and your entire family are looking forward to a long vacation away from home, or even the country.
Before you arrange for the right insurance company who will provide you with a policy you need to go through the policy details to make sure that all the risks are covered.

Instant online unoccupied property insurance quotes from Active Insurance, the UK's leading specialists in vacant property insurance.



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