Taking Out Overseas Holiday Home Insurance

If you have a property abroad, and you want to take out overseas holiday home insurance, you do not have to take it out in the foreign country. If you choose to do so then you are at risk of taking cover that may be inadequate and you may be in for a nasty surprise if a claim has to be made. Instead, you may wish to choose buildings and contents insurance online from the UK to cover your property overseas.

Buildings insurance is a necessity when you buy property as it covers the shell of the property. However, it may also typically protect such as paths, walkways, fences, gates, outer buildings and your swimming pool to name just a few.

For instance if fences were destroyed by vandals you may be eligible to claim so much back towards the cost of replacing them. If your home were to burn down to the ground, a policy typically pays out to rebuild it and to clear the site in order for building to take place. With buildings insurance you are typically protected against damage or destruction caused by theft, storm, fire, vandalism, flood, lightning strikes, breakage of fixed glass in the home. However, you do need to check in the contents and small print of your insurance to ensure that you know what your policy covers and what it does not as these can vary not only by provider but sometimes by what country you are in.

When taking out contents insurance the policy typically protects you for the same events as your buildings insurance. However, a contents policy protects the contents of your home, which include your personal belongings, furniture, clothing and household goods. If you want to have accidental insurance included in your policy you generally have to pay a little more in premiums - if your chosen provider offers this cover at all. And do note that accidental damage caused by tenants you let to may not always be covered.

Always check with your insurance provider. Providers may offer you new for old on your contents insurance or depreciation may be taken into account. If your policy provides brand new replacements, you may have to pay more in insurance premiums.

When checking the benefits of your overseas holiday home insurance you may want to find out if public liability insurance is included in your insurance policy. Public liability insurance is there to protect you in the event that a holidaymaker were to get hurt or injured while staying in your property and make a claim against you for compensation. The insurance typically pays towards your legal bills.

When renting out your holiday property to other holidaymakers you may want to ensure that you have rental income insurance. If you have pre-booked holidaymakers, and they are unable to stay in your holiday home due to it being damaged by an insured risk, the policy typically pays towards your loss of income. It may also payout for you to stay in alternative accommodation for so many days and up to so much per day.

When taking out any overseas holiday home insurance it is important to ensure you check over any documentation and small print associated with the policy. There are exclusions and limitations in insurance so it is vital that you know what these are.