What Is Unoccupied Home Insurance?

Unoccupied home insurance provides financial protection for your property when it’s left vacant for an extended period, often longer than the 60 days covered by standard policies. It can extend coverage up to 12 months, safeguarding against risks like storm damage, fire, or theft.

Why Might Your Home Be Empty?

Situations such as awaiting probate, home renovations, extended travel, or medical stays can leave your property unoccupied. Inform your current insurer if your home will be vacant, as some standard policies may offer extensions. If not, unoccupied home insurance is essential.

What Does It Cover?

This type of policy covers risks typically included in regular home insurance, like:

  • Storms and Floods: Protection against damage from severe weather.
  • Fire: Cover for fire-related damage, even when the property is empty.
  • Theft and Vandalism: Safeguards against intruders or intentional damage.
  • Squatters: Assistance with legal fees and potential property damage.
  • Liability: Covers legal fees if incidents such as falling trees impact neighbours.

Exclusions to Be Aware Of

Unoccupied home insurance won’t cover:

  • Loss or damage if doors/windows are left unsecured.
  • Damage due to major structural repairs or contractor work.
  • Check policy details for specific exclusions.

Cost Factors

Premiums depend on:

  • Property Value: Higher value leads to higher premiums.
  • Length of Cover: Longer periods cost more.
  • Security Measures: Enhanced security can reduce costs.
  • Location: Areas with high crime or flood risk impact premiums.

Do You Need It?

If your home could be uninhabitable for some time, consider unoccupied home insurance to avoid the financial burden of unexpected damage or theft. It’s a safety net that ensures your property remains protected when left vacant.

How Can I Obtain Cheaper Unoccupied Property Insurance?

Taking proactive steps to prepare your home for vacancy can help reduce your unoccupied property insurance premiums. By implementing certain measures, you can demonstrate to insurers that your property is secure, potentially leading to lower rates.

Do some maintenance

  • A well-maintained home reduces the likelihood of needing to make a claim. However, if issues do arise, your insurer should uphold the policy as long as your property is in good condition.

Pay attention to pipes and heating

  • If possible, programme your heating to operate for short, regular intervals while you’re away. This helps prevent pipes from freezing and bursting in cold weather. If you can't do this, consider turning off the utilities and draining the water system before you leave.

Secure your home

Store valuables in a secure location or take them with you when you leave. Consider installing insurer-approved window and door locks, as these can qualify you for discounts. Additionally, a reliable burglar alarm can further enhance your security and potentially lower your premiums.