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Owning a property comes with various responsibilities, and ensuring it’s adequately insured is one of them. However, standard home insurance policies often do not cover unoccupied properties for extended periods of time. This is where unoccupied property insurance becomes essential. Below are five reasons why you need unoccupied property insurance from Carbon Insurance Brokers

Coverage for risks not included in standard policies

Unoccupied properties are at a higher risk for certain issues, such as vandalism, theft, and unnoticed maintenance problems like leaks or structural damage. Standard home insurance policies typically do not cover these risks when a property is left empty for more than 30 days. Unoccupied property insurance is specifically designed to provide coverage for these additional risks, ensuring your property remains protected even when it’s not in use.

Protection against vandalism and theft

Empty properties can be attractive targets for vandals and thieves. Unoccupied property insurance often includes protection against vandalism and theft, which is not typically covered under standard policies once the property is unoccupied for a certain period. This insurance can cover the cost of repairs and replacements, giving you peace of mind that your property is safeguarded.

Liability coverage

Even when a property is unoccupied, accidents can happen. For instance, if someone trespasses onto your property and gets injured, you could be held liable. Unoccupied property insurance provides liability coverage to protect you from potential legal and financial repercussions in such scenarios. This coverage ensures you are not left vulnerable to costly claims.

Coverage for maintenance issues

Maintenance issues such as water leaks, broken windows, or pest infestations can go unnoticed and cause significant damage when a property is unoccupied. Unoccupied property insurance can cover the cost of repairs for such issues, preventing minor problems from escalating into major expenses. Regular inspections and maintenance checks may also be a requirement of the policy, which helps in early detection and resolution of issues.

Peace of mind

Owning an unoccupied house can be stressful, especially if it’s located far from where you live. Unoccupied property insurance provides peace of mind by ensuring your investment is protected, no matter what happens. Knowing that your property is covered allows you to focus on other matters without constantly worrying about potential risks and damages.

Flexible options

Unoccupied property insurance offers flexible coverage options to suit your specific needs. You can choose from short-term policies that cover your property for 3,6,12 months, allowing you to select a duration that matches the time your property will be unoccupied. This flexibility ensures you only pay for the coverage that you need without committing to a long-term policy.

Contact us to learn more

Unoccupied property insurance is a vital consideration for anyone who owns a property that may be empty for extended periods. From covering unique risks to providing liability protection, this specialised insurance ensures your property remains secure and well-maintained, even when you’re not there. Ensure you have the right coverage in place by contacting us today, or call us on 0333 043 1300.

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