If you\u2019re one of the hundreds of thousands of people who have a second home which you don\u2019t rent out as someone else\u2019s residence, it\u2019s important for you to know where your primary home insurance policy differs, and how it\u2019s the same.<\/p>\n
The similarities<\/strong><\/span><\/p>\n Just as with your home insurance, you need to have an accurate figure for your\u00a0buildings insurance<\/strong>.<\/span><\/p>\n This is the cost not just to rebuild the property from scratch, taking into account any listed status and particular materials, but the services you\u2019re likely to enlist to do so, such as an architect, and the obligations you need to fulfil, including planning.<\/p>\n If you don\u2019t want to shell out for all the contents of your second home or holiday home in the case of a fire, for example, then\u00a0contents cover<\/strong><\/span>\u00a0is another shared feature of the two.<\/p>\n However, don\u2019t expect personal valuables left in the home to be covered if the property is left unoccupied for long periods. If you\u2019re taking valuables to the property, these can be covered under your main home insurance policy or travel insurance.<\/p>\n If you rent out your property to large parties, spillages, breakages and damage caused by pets are to be expected at some point, so\u00a0accidental damage<\/strong><\/span>\u00a0is an option which is equally useful for second home insurance.<\/p>\n While\u00a0public liability<\/strong><\/span>\u00a0is a feature of both policies, the likelihood of someone other than you staying in the property and claiming following an injury is much higher.<\/p>\n Most differences in home insurance and second home insurance policies are due to conditions set out by insurers, rather than specific features.<\/p>\n Emptiness and storm damage are insurers\u2019 primary concerns when it comes to covering second homes or holiday properties, as well as water damage caused by an undetected leak.<\/p>\n For these reasons alone, it\u2019s important you specify the use of your property and don\u2019t make the mistake of covering it with standard home insurance. Otherwise, if you do need to make a claim, you might not see the settlement.<\/p>\n Some insurers will ask that water systems are drained during prolonged periods of inoccupancy to avoid internal water damage, while others will insist that heating is left on a constant low level to prevent frozen pipes.<\/p>\n You may find that your lock requirements will be more specific to counter the increased risk of theft.<\/p>\n If you employ someone to take care of your property or run your holiday let business, it\u2019s a legal requirement to have\u00a0employers\u2019 liability<\/strong><\/span>\u00a0in place. This may be as a standalone policy as opposed to a feature within your cover, but different insurance providers will have different offerings so be sure to check.<\/p>\n Loss of rent<\/strong><\/span>\u00a0and\u00a0alternative accommodation<\/strong><\/span>\u00a0are extras which are exclusive to holiday homes, as they can help you recuperate financially from a cancellation, or pay for your guests to stay somewhere else if your property is out of use due to unforeseen circumstances.<\/p>\n If you\u2019re not sure about what\u2019s covered in either policy, contact us on 01564 730 900<\/span>\u00a0<\/strong>and your dedicated account handler will be happy to help.<\/p>\n","protected":false},"excerpt":{"rendered":" If you\u2019re one of the hundreds of thousands of people who have a second home which you don\u2019t rent out as someone else\u2019s residence, it\u2019s important for you to know where your primary home insurance policy differs, and how it\u2019s the same. The similarities Just as with your home insurance, you need to have an […]<\/p>\n","protected":false},"author":15,"featured_media":5649,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[477],"tags":[340,544,415,597,598,467,599],"acf":{"related_articles":{"1_select":false,"2_select":false,"3_select":false}},"_links":{"self":[{"href":"https:\/\/www.networkportfolio.co.uk\/edwardsinsurance.co.uk\/wp-json\/wp\/v2\/posts\/5630"}],"collection":[{"href":"https:\/\/www.networkportfolio.co.uk\/edwardsinsurance.co.uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.networkportfolio.co.uk\/edwardsinsurance.co.uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.networkportfolio.co.uk\/edwardsinsurance.co.uk\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.networkportfolio.co.uk\/edwardsinsurance.co.uk\/wp-json\/wp\/v2\/comments?post=5630"}],"version-history":[{"count":1,"href":"https:\/\/www.networkportfolio.co.uk\/edwardsinsurance.co.uk\/wp-json\/wp\/v2\/posts\/5630\/revisions"}],"predecessor-version":[{"id":5666,"href":"https:\/\/www.networkportfolio.co.uk\/edwardsinsurance.co.uk\/wp-json\/wp\/v2\/posts\/5630\/revisions\/5666"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.networkportfolio.co.uk\/edwardsinsurance.co.uk\/wp-json\/wp\/v2\/media\/5649"}],"wp:attachment":[{"href":"https:\/\/www.networkportfolio.co.uk\/edwardsinsurance.co.uk\/wp-json\/wp\/v2\/media?parent=5630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.networkportfolio.co.uk\/edwardsinsurance.co.uk\/wp-json\/wp\/v2\/categories?post=5630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.networkportfolio.co.uk\/edwardsinsurance.co.uk\/wp-json\/wp\/v2\/tags?post=5630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nThe differences<\/span><\/strong><\/p>\n