Assetsure has established
partnerships with specialist partner underwriters to provide you with
access to...
Holiday Home Insurance
- we know that obtaining overseas property insurance for either the
United Kingdom, Europe or beyond is not easy; most insurance underwriters are not
happy about either the rental aspect of the risk or the fact that the
property is frequently unoccupied. If your Holiday Home is situated in
Europe, our partners can issue you a policy in English, provide you with
assistance in English and calculate all the local taxes applicable to the
country where your property is located and pay them on your behalf to the
relevant authorities. Our partners underwriters are quite happy to insure holiday homes for either building
and contents insurance and if you rent your holiday home out for periods
of the year as a holiday home cottage, this can extended cover to make sure that you receive the
necessary liability insurance cover. Owning a holiday home, abroad
can prove even more difficult with each country having its own set of
local taxes etc. Our partners are able to offer you a holiday insurance policy that
is sourced from underwriters in London, written in English and which
automatically calculates tricky local taxes for you. If you are
unfortunate to suffer a loss, your claim will be dealt with by English
speaking persons. Insurance can be provided to cover your property if it
is used solely by yourself or if you rent it out for part of the year. As well as
Holiday Home property in the UK, our partners can cover other overseas
specialist building & contents insurances form other countries...
Overseas Property Insurance - For the past few years, Briton has been waking up to benefits of
holiday home ownership as opposed to a buy to let investment. What are the main
differences. Well with a buy to let building, you purchase a property as an
investment, rent it out to a tenant and hopefully the rent received will cover
your mortgage rate costs and at some stage in the future, you will be able to sell
the property and make a profit. Holiday home ownership on the other hand
presents you with other more attractive opportunities. Many people are now
buying holiday homes in their favourite areas as a means of having a
second home
that they can enjoy and also as a means of providing an income via short term
paying guests. Later, you can choose to retire to the property or sell it and
receive the benefit of valuable tax concessions. The tax man considers holiday
home ownership to be earned income and you are taxed accordingly.
Assetsure can assist you in obtaining overseas property insurance and holiday home insurance for....
Australia, Austria, Belgium, Brazil, Bulgaria, Canada, Cape Verde,
Croatia, Cyprus, Czech, Denmark, Egypt, Estonia, Finland, Germany, Greece,
Hungary, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg,
Malta, Monaco, Morocco, Montenegro, Netherlands, Norway, Poland, Portugal,
Ireland, Romania, Slovakia, Slovenia, South Africa, Sweden, Switzerland,
Thailand, Turkey, United Arab Emirates.
Why is Holiday Home
Insurance so difficult to place? - one of the main reasons is the periods of
occupancy that are sometimes associated with Holiday Homes. It is often possible
that property is unoccupied for many months and insurers are worried about the
increased likelihood of Theft, Burst pipe & Flood Claims. Of course if your
Holiday Home is located in Spain, then the chances of your experiencing burst
pipe claims are diminished and this will factored in to the premium that
insurers charge. However, in the United Kingdom burst pipes and more recently
flooding are quite common.
One of the other problems experienced by owners of Holiday Homes is
obtaining the appropriate insurance cover for Public Liability should
you decided to rent your property out for Commercial Purposes ( or
perhaps just to other family members and friends.) If this is this
case, even if it is only for a few weeks of the year, you must inform
your insurance company or you may find that in the event of a claim,
you do not receive the full cover. At Asset sure, the policies we
arrange will allow you to rent or lend the premises and you will
receive the correct Public Liability cover.
Tips on Finding Suitable Holiday Home Insurance - When arranging
your holiday home insurance, the same principles apply as to standard home insurance. You will need to
calculate your building sum insured and make sure it is adequate as well as
providing a new for old replacement value on the holiday home contents. It is
worth remembering that many insurers will not want to insure valuable items that
are left in the holiday home, these would include items of jewellery or valuable
collections for example. To make sure
you holiday letting business runs as smoothly as possible, we suggest that you
compile a comprehensive inventory of the contents in the property. Photographs
of larger items help and a note of the condition they are supplied in. At the
start of any rental period it should be pointed out to your guests that any
breakages should be paid for and the method by which you intend to take
payment. Serious incidents at the property such as Fires, Floods or Break-ins
should be reported immediately.
Rules and Regulations for Renting Out Your Holiday Home - Before you rent
out your holiday home, it is important that you not only find adequate holiday
home insurance, but you are fully aware of all the rules and regulations
relating to running this type of business. Holiday homes in the Uk , will be
subject to different rules and regulations, to those say in France in Spain . It
is important that you make yourself fully aware of your legal obligations before
you allow your home or dream holiday cottage to be occupied by tenants.
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