HomeProperty InsuranceDo I Need Unoccupied Property Insurance?

Do I Need Unoccupied Property Insurance?


If you own an unoccupied property, you may think that standard home insurance will provide adequate coverage. But this is not always the case.

Most home insurance policies are designed to cover owner-occupied properties, and not unoccupied ones. If your property is left vacant for an extended period, it may be at a higher risk of damage, theft, or vandalism. That’s why having unoccupied property insurance is essential for protecting your investment.

Unoccupied property insurance can provide coverage for a range of risks that are specific to unoccupied properties. This includes protection against damage caused by weather events or other unexpected events, theft or attempted theft, and liability claims.

In this blog post, we’ll explore the reasons why having unoccupied property insurance is essential, what is covered by such policies, and what isn’t covered. We’ll also discuss who needs unoccupied property insurance, and provide tips on how to choose the right policy for your needs.

Why Is Unoccupied Property Insurance Essential?

Damage And Theft Protection
With unoccupied property insurance, you can ensure that you have coverage for damage or loss caused by fire, flood, storm, and other natural disasters. It also protects against theft and vandalism.

Liability Coverage
Unoccupied properties can pose liability risks. For instance, if someone is injured while on your unoccupied property, you may be held responsible. Unoccupied property insurance provides liability coverage for such situations, protecting you from legal and financial liabilities.

Peace Of Mind
Having unoccupied property insurance provides peace of mind knowing that your investment is protected from various risks. Whether it’s a short or long-term unoccupied property, you can rest assured that you are covered if anything goes wrong.

What Is Covered By Unoccupied Property Insurance?

Unoccupied property insurance typically covers the following:

  • Damage caused by natural disasters such as fire, flood, and storms
  • Damage caused by vandalism or theft
  • Liability coverage in the event of someone being injured on the property
  • The cost of repairs or rebuilding the property

What Isn’t Covered By Unoccupied Property Insurance?

Unoccupied property insurance policies vary, and some policies may have exclusions or limitations. It’s important to read the policy carefully and understand what is covered and what isn’t.

Some common exclusions may include:

  • Damage caused by wear and tear, neglect, or lack of maintenance
  • Damage caused by pests or vermin
  • Damage caused by illegal activities such as drug manufacturing
  • Damage caused by renovations or alterations to the property

Who Is Unoccupied Property Insurance For?

Unoccupied property insurance is for anyone who owns a property that is unoccupied for a period of time. This includes:

  • Homeowners who have moved out of their property and are trying to sell it
  • Landlords with vacant rental properties
  • Property investors who have purchased a property but have not yet found a tenant or a buyer
  • Anyone who owns vacant land

Tips For Choosing The Right Unoccupied Property Insurance Policy

Choosing the right unoccupied property insurance policy can be daunting. Here are some factors to consider:

  • Coverage Level: Consider the level of coverage you need based on the value of your property and your specific risks.
  • Cost: Compare policies and premiums from different insurers to get the best value for your money. However, don’t let price be the only determining factor. Make sure that you are getting adequate coverage for your property.
  • Insurer reputation: Choose a reputable insurer with a good track record of providing excellent customer service and paying claims promptly.
  • Policy terms: Carefully read and understand the policy terms, including any exclusions and limitations.

Points To Remember

Owning unoccupied property comes with unique risks that require protection. Unoccupied property insurance is essential for safeguarding your investment against damage, theft, and liability. It provides peace of mind knowing that your property is protected from a wide range of risks. When choosing an unoccupied property insurance policy, consider the level of coverage, cost, insurer reputation, and policy terms. By taking the time to carefully consider these factors, you can ensure that you choose the right policy that provides adequate coverage for your needs.

Contact UKinsuranceNET Today

So, do you need specialist insurance on vacant property? The answer is yes, if you own any type of unoccupied property in the UK. Not having insurance can leave you vulnerable to financial losses in the event of damage, theft or liability claims. Unoccupied property insurance is a small price to pay for the peace of mind that comes with knowing that your investment is protected. Go to UKinsuranceNET to find out what specific insurance is best for your property, and get in touch through our Contact page, or call us on 01325 346328 for more information.