It can be expensive to obtain UK Vacant Property Insurance and for obvious reasons. When you are obtaining insurance for your home you should check to see if it also includes a section for vacant property insurance. If there is coverage then you can have peace of mind knowing that your assets are protected. Here are some very good reason why you need vacant property Insurance in the UK.
Since there is no one staying in the house and something goes wrong there is nobody to take control of the situation. The potential damage that can occur is devastating. Say for example a water pipe bursts or there is a gas leak it could be quite some time before someone notices it and that problem could escalate and become really big. This could be a more serious problem if the neighboring houses also happen to be vacant or your house happens to be at a secluded location.
Another thing you need to check on though as well is if there are conditions or limitations to the Policy. For example your UK Insurance policy may state it will only provide vacant property insurance for a certain amount of days. If you have exceeded those days and something goes wrong then you may not have a valid claim.
If on the other hand you do not have coverage and your present Insurer does not offer UK Vacant Property Insurance it is imperative that seek out an Insurance Company that will. You need to determine what your needs are in terms of coverage. Once you do this then you will know what to shop for in respect to vacant property insurance. If you feel that you need this type of coverage for perhaps vacancy periods up to six months then you must disclose this to the prospective Insurance Agency you are approaching.
It is your responsibility to know what type of insurance you are going to require. Disclose this to the UK Insurance Company when you are shopping for Insurance. They will be able then to give you an accurate quote if they cover your needs.
In the recent past UK vacant property insurance has not been cheap or easy to get. More and more UK insurance Companies are beginning to see the need for this type of Insurance and are becoming more liberal.
Never assume that you are just automatically going to get all the coverage you need when it comes to vacant property Insurance. You must know what you are looking for, what the Insurance Company offers and then make an informed decision as to whether the price is reasonable.