Policy especially designed for Holiday Homes & Second Homes Automatic sum insured up to £1,000,000 for buildings Payments by credit card, debit card or interest free direct debit Plain English policy wording Wide policy wordings to satisfy mortgage lenders Contents and all risks cover can be added 24 hour Claims emergency hotline 24 hour emergency property assistance Family legal expenses can be included Cover arranged with Lloyds of London via Intasure
Introduction - although all online Buildings Contents Policies are unique, they all follow a similar list of perils that are covered. To a certain extent this is covered by the Council of Mortgage Lenders requirements to have a certain variety of perils in force for a home insurance uk. Insurers know that if they do not offer a wide enough range of perils then loans will not be able to be secured on property and thus their policy will be acceptable.
Perils - as mentioned above all insurers policies are unique in certain ways, but the following is a fairly typical list of covers:-
Fire, explosion, lightning, earthquake, impact by aircraft, road vehicle or animal
Theft or attempted theft, falling aerials, oil leaking from a central heating system
Riot and civil commotion. Storm, tempest, flood
Escape of water from dishwashers, washing machines etc
Subsidence, landslip or heave
Accidental Damage to underground water, oil, gas or sewage and drain pipes and to underground telephone or communication cables
Breakage of fixed glass in windows, doors & roofs & greenhouses
Breakage of glass and sanitary fittings including accidental damage
Most Popular Home Insurance Companies - the most popular home insurance companies for buildings and contents insurance are as follows:-
Architects and Surveyors Fees - this refers to reasonable fees incurred during repairs following damage covered by the policy. It does not include the cost of preparing your claim. The cost of demolition, removing debris or shoring up following damage insured under the insurance policy. Loss of Rent, you lose rent because your building cannot be let out following a claim than you will be entitled to compensation. This is usually expressed as a percentage of the sum insured 20% is fairly typical.
Alternative Accommodation - the cost of reasonable accommodation is covered if you are unable to live in your property following an insured event. 20% of the sum insured is the usual amount. This cover is usually for a 12 month period, if you have special needs (perhaps your building is listed) you should investigate the possibility of having this cover extended for a longer period.
Property Owners Liability - This sections of the public liability policy covers your liability as owner of the Property and more information see our section on Liabilities.
Accidental Damage - This is not a standard peril insured under a Buildings policy but you can usually add it for an additional sum of money. Sometimes, depending on your circumstances, it may not be possible to obtain the full selection of perils, your property may be in a Flood area and most insurers will be reluctant to provide you with cover.
Not Usually Covered - as per usual most home building insurance policies come with a standard set of exclusions, these should be studies most carefully. The following are typical examples of what is not covered by a building insurance policy:-
Wear and tear, damage caused by lack of maintenance or faulty design, materials or construction. ( if you home has been built within the last 10 years it will have a National House Building Guarantee)
Rot, Vermin, Insects, Fungus, Corrosion
Certain covers if the property is left unoccupied for a length of time ( usually 30 days and the perils of Escape of Water, Theft & Malicious Damage)
Damage caused by subsidence or heave to walls swimming pools and similar items unless the house or outbuildings are damaged at the same time
Coastal Erosion
Electrical nor Mechanical Breakdown
War, civil war, rebellion and revolution
Terrorism
Sonic Boom
Radioactive contamination
The above list is of a general nature and you should always refer to our policy document for full details of exclusions.
Assetsure is an Appointed Representative of Intasure, a trading name of Blenheim Park Limited who are authorised and regulated by the Financial Services Authority. Assetsure Limited is an appointed representative of Highhouse Insurance Services Limited who are authorised and regulated by the Financial Services Authority.
Policy especially designed for Holiday Homes & Second Homes
