Unoccupied Property Insurance
Unoccupied Insurance – or Empty Property Insurance – is not a standard form of insurance but one that can be found for a competitive price through The Property Insurer thanks to its partnership with one of the UK’s leading specialist insurers.
Whenever I bought a property to rent out to students I thought it would be easy to get tenants in but I was very wrong. Two months later and it was still empty and I was just glad that I had insurance in place while it was unoccupied.
I woke up sweating one night thinking it may only have had 30-days Unoccupied Insurance cover but I checked the policy and it was a lot longer than the typical home policy thank goodness. I slept well the next night and that was down to the Empty Property Insurance cover as part of my Let Property Insurance policy. If it went up in smoke or there was a theft then I’d survive thanks to the insurance.
In my honest opinion you shouldn’t have a second or let property if you cannot see the reason behind paying the small sum for insurance. Imagine the catastrophic financial loss if you are not insured – you deserve it for yourself and family not to let that happen. And don’t say it won’t happen to you...get yourself a quote now.