Enhanced Wealth Limited

Whole of market mortgage brokers

CALL US 0800 316 5756

Mortgage Specialists - Residential ~ Holiday Let ~ Buy to let ~ Commercial

Straight talking mortgage advice

  • Mortgages
    • Buy to let mortgages
      • Buy to Let Refurbishment
      • Expat buy to let mortgages
      • Limited Company Buy to Let Mortgages
      • Buy to let remortgage Case Study
      • Buy to let FAQ
    • Holiday let mortgages
    • Let to buy
      • Let to Buy Mortgages Q & A
    • House purchase
    • Remortgages
    • Poor Credit
      • Poor Credit Q&A
      • Fresh Start Q&A Articles
    • Company Directors
    • Offset Mortgages
    • First time buyer mortgages
    • Second Charge Mortgages
    • Mortgage calculator
    • Mortgage basics
      • Jargon buster
      • Choose your mortgage
      • Fixed rate mortgages
      • Capped rate mortgages
      • Discount mortgages
      • Remortgaging
      • Base rate tracker
      • Cashback mortgages
      • 100% mortgages
      • Buy to let mortgages
    • What we do
    • Mortgage enquiry form
  • Commercial finance
    • Development finance
    • Remortgage to Develop a Derelict Property
    • Commercial Investment mortgages
    • Owner occupier finance
    • Bridging finance
      • Bridging Finance FAQ
    • Auction buying guide
    • Case studies
    • Enquiry form
  • Insurance
    • About income protection
    • About mortgage insurance
    • About loan insurance
    • Life cover
    • Pet insurance
    • Property insurance
  • Other services
    • Wills
  • About us
    • Client testimonials
  • Contact us
    • Directions
    • Terms
    • Privacy
  • Buy to let mortgages
  • Holiday let mortgages
  • Development finance
  • LIfe cover
You are here: Home / Holiday home insurance / Holiday Home Insurance – Ask The Right Questions

Holiday Home Insurance – Ask The Right Questions

Published: June 8, 2009

When you take out a mortgage on your holiday home, you may well be offered a home insurance policy by the company that lends you the money. It would be an easy option to take this and consider the insurance question sorted.

However, this might be a mistake. Holiday home insurance is more complicated than ordinary household insurance. Before just accepting any policy, you must examine it carefully to check that it covers everything you need for your holiday home. You need to ask the right questions to find out if it is the right policy.

  • Is it flexible? A good holiday home insurance policy should allow you to pick and choose what you are covered for. For example, if the property has a swimming pool, there are a lot more risks involved, so the premiums may be higher – but you need to make sure this is explicitly covered. On the other hand, if your property doesn’t have a pool, there’s no point in paying such high premiums. So don’t accept a “one size fits all” policy – this will be more expensive, in order to cover all possible risks.
  • Does the holiday home insurance cover you for times the property is left empty? An ordinary building and contents policy probably won’t allow for the property to be left empty for more than 30 days at a time. Obviously the property is more at risk when empty, from vandalism, burglary, water damage etc. If you don’t expect to occupy the property during the winter months, but your policy doesn’t cover you for more than 30 days, you won’t be able to claim for any of these things.
  • Does the policy allow you to let out the property? Even if your holiday home is mainly for the use of yourself and your family, you may want to let it out occasionally to help with the costs. An ordinary household insurance policy may not allow this. You must be very careful to check that your holiday home insurance policy allows you to let it out, otherwise you could find you weren’t covered if something happened while it was occupied by paying guests.
  • Does the policy cover you if you have a less conventional type of holiday home, such as a holiday park home, holiday chalet or log cabin? At one time it was very hard to get holiday home insurance on this type of property. However, holiday homes of this kind are becoming more and more popular, and now there are holiday home insurance companies who will insure them.

All this underlines that it’s no good accepting the first holiday home insurance policy you are offered, or just taking one from your mortgage company. You must ask the right questions to make sure you have the policy you need – otherwise you are just wasting your money!

Share this:

  • Facebook
  • Twitter
  • LinkedIn
  • Email

Related

Filed Under: Holiday home insurance Tagged With: Holiday home insurance

Do you have the correct let property insurance?

If you are a landlord with either a buy to let property or a holiday let business you need to have the right insurance cover in place.

Our UK based insurance partners can offer advice on the best property insurance for your situation. Cover is available for overseas and UK based properties.

Please click here for more information.

Recent Posts

  • Ten Tips to Improve your Credit Score
  • I was repossessed 4 years ago can I get a mortgage?
  • How do we find a mortgage with bad credit?
  • Do all lenders carry out a credit check?
  • Offset mortgage advantages

Featured Article

Cheaper with a second charge mortgage

March 8, 2016 By admin

Last week we received a telephone call from a long standing customer. 9 years earlier John had sought our advice to purchase a new home and we had organised a great lifetime tracker mortgage which in the current period of low interest rates had performed well for him; very well. He said that the product that […]

No babble, or waffle, just straight talking advice

We will always give you an honest assessment of your mortgage options with all of the costs involved. If you decide to go ahead we will also help with all of the paperwork.

QUICK LINKS

  • Home
  • Independent mortgage advice
  • Buy to let mortgages
  • Holiday let mortgages
  • Commercial finance
  • Life cover

Our advice

No babble, or waffle, just straight talking advice

We will give you an honest opinion of what is possible, in your individual case, which may sometimes involve doing absolutely nothing at all.

Straight talking mortgage advice

Recent Posts

  • Ten Tips to Improve your Credit Score
  • I was repossessed 4 years ago can I get a mortgage?
  • How do we find a mortgage with bad credit?
  • Do all lenders carry out a credit check?
  • Offset mortgage advantages

Contact Us

Please contact us to discuss your mortgage and finance needs.

T 0800 316 5756 or 020 8301 7930
F 020 3137 5060
E info@enhancedwealth.co.uk

  • Email
  • Facebook
  • Twitter

Copyright Enhanced Wealth Limited | All rights reserved | 140 Long Lane Bexleyheath Kent DA7 5AH | Authorised and regulated by the Financial Conduct Authority | Site Terms


Registered in England & Wales No: 04125057 THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Typically, we will charge £350 to a maximum of £495 in certain situations for arranging your mortgage and we will be paid commission from the lender, please ask for full details. We are entered on the FCA Register No 207532 at www.fca.org.uk/register/. The information contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers in the UK. The Financial Conduct Authority does not regulate will writing, finance, commercial mortgages and some aspects of buy-to-let mortgages.

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.