Guide to Holiday Home Insurance Liechtenstein
Introduction -
The Principality of Liechtenstein is a a very tiny landlocked country with a
population of approximately 35000. It is not known as a destination for the
purchase of Holiday Homes, in fact to the vast majority of people, little is
known of this country, this country is probably best known as a tax haven and
over 70,000 companies have nominal addresses in the country and money or the
handling of money count towards a good deal of the countries wealth.
The country is closely associated with Switzerland and since the signing of the
Customs Treaty in 1924, Liechtenstein and Switzerland have represented one
mutual economic area with open borders. Liechtenstein also uses the Swiss franc
as its national currency, and customs officers from Switzerland are responsible
for the border with Austria
The country is a Hereditary constitutional monarchy and the head of state is
Prince Hans-Adam II who In 2003 won sweeping new powers in a constitutional
referendum which gave the Royal family the power to veto parliamentary decisions
and to sack the government. You could say that tiny Liechtenstein is Europe's
only absolute Monarchy. There are a few second homes dotted around and foreign
ownership is limited.
Geography and Terrain -
Location wise, It is bordered by Switzerland to the West and by Austria in the
West. Although very small, the country is divided in to many separate regions;
Balzers,Eschen, Gamprin, Mauren,Planken, Ruggell, Schaan, Schellenberg, Triesen,
Vaduz. In 1978, Liechtenstein became a member of the Council of Europe and then
joined the UN in 1990, the European Free Trade Association (EFTA) in 1991, and
both the European Economic Area (EEA) and World Trade Organization (WTO) in
1995.
The geography is alpine and 66 % of the country is mountainous with some some
farm holdings. The climate is best described as continental; It is often cold
with cloudy winters marked by frequent snow or rain; Summers are cool to
moderately warm, cloudy and sometimes humid Breathtakingly beautiful
Liechtenstein manages to combine and old world feel with very modern facilities.
The Principality of Liechtenstein has gone through a huge economic and cultural
development since the end of the second world war almost unprecedented amongst
other European countries. In this short period of time Liechtenstein has changed
from a mainly agrarian economy to one of the most highly industrialized
countries in the world. The most important branches of the countries heavily
export-oriented industry are mechanical engineering, plant construction,
precision instrument manufacture, dental technology, and the food-processing. In
all of its industries, the country prides itself on quality not quantity.
Overseas Property Insurance -
Although there are not a great deal of Holiday or second homes in
:Liechtenstein, insurance is available from the United Kingdom and a full range
of perils is usually available covering Fires, Floods, Earthquakes and property
owners liability. If you have a property that is being rented out, then the
liability section of the policy should be extended to make sure that the correct
form of cover is being offered.
Tiny Liechtenstein has to a certain extent rely on neighbouring Switzerland to
help out with any natural disasters, it has no military or civil defence and
although there have been no major disasters in the country since 1927. it is
well prepared and to guarantee the best possible protection for the population
in the event of any natural disasters such as flooding, a Disaster Protection
Act was enacted in 1992
So if you are seeking an holiday home insurance quote for a property in
cities like Amsterdam, Rotterdam, Eindhoven and Tilburg why not see if we can
help? In addition, Assetsure provide overseas property insurance and
holiday home insurance for other countries including Australia, Austria,
Belgium, Bulgaria, Brazil, Canada, Cape Verde, Chile, Croatia, Cyprus, Czech
Republic, Denmark, Estonia, Finland, France, Germany, Greece,
Egypt, Hungary, Iceland, Ireland, Italy, Latvia, Lithuania, Liechtenstein,
Luxembourg, Malta, Monaco, Montenegro, Morocco, Netherlands, New Zealand,
Norway, Poland, Portugal, Romania, Slovakia, Slovenia, South Africa, Spain,
Sweden, Switzerland, Thailand, Turkey, United Arab Emirates, United Kingdom
(UK) and Venezuela.
