What does unoccupied residential property insurance include?
There are a number of reasons why an unoccupied property is more vulnerable to damage than an occupied one. For example:
This is a very common concern with unoccupied properties as they are often left unheated, giving rise to problems associated with freezing water.
Flood and fire
In an occupied property, these natural disasters are more likely to get a quick response – which prevents the damage from getting out of control, and limits the cost of repairs. In unoccupied properties, the reverse is the case.
It’s hard to believe that people would cause damage for no reason – but sadly it’s quite common. Vandals tend to target unoccupied properties, as they are much less likely to get caught and punished.
The same is true for thieves. You may think that if your property contains nothing of obvious value – e.g. jewellery or electronic equipment – it holds little attraction for thieves. But burglars can seek many things besides obvious valuables.
It’s not just your home that’s at risk. You have a certain liability for the properties around you. Imagine if a storm dislodged a part of your house that damaged your neighbor’s property.
Unoccupied properties can quickly be targeted by illegal residents, who can be difficult and costly to remove. They may also damage your property, leading to unforeseen expenses.
Unoccupied residential property insurance gives home owners peace of mind by ensuring that their property is protected against all these risks.