*Provided by Premium Credit Limited subject to credit check. Policy limits and exclusions may apply. Please see the policy wording for full terms and conditions.
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Tailored cover for your property
Unoccupied properties can be at greater risk of vandalism or break-ins, and more susceptible to degradation, fire and other potential hazards. If your property is going to be left empty for more than 30 days, you should inform your insurance company, and you may need to consider unoccupied property insurance.
This type of insurance can apply to residential properties (it is sometimes referred to as unoccupied home insurance) and commercial properties, as a landlord insurance policy.
When is a property classed as unoccupied?
For insurance purposes, a property may be classed as unoccupied if it is left empty for an extended period of time. This tends to be 30 days or more and is dependent on the insurance company. If this applies to a property you own, it is advisable to make your insurer aware or seek cover that is suitable for unoccupied property ownership.
Properties can become vacant for many different reasons, including:
- Gaps between tenants renting the property
- Renovation, redecoration or an extension
- Recently purchased property and getting it ready for letting or sale
- Used as a second home or holiday home
- On the market to be sold
- Student lets
- Illness or hospital stay
- Extended holidays or care outside of the property
- An empty home awaiting probate
In some cases you may not need an unoccupied property insurance policy, but it is a good idea to talk through your circumstances and requirements with a specialist broker.
What does unoccupied property insurance cover?
Unoccupied property insurance can include the following covers:
- Buildings insurance: The cost to rebuild, fixtures and fittings that are permanent such as gates, fences, garden areas, driveways, patios, conservatories etc.
- Contents insurance: This can cover items such as white goods, decorations and carpets.
- Property owners’ liability insurance: This can help protect you against claims for injury to third parties.
It is worth noting that there may be restrictions, so you should examine your policy wording to check what is covered.
How much does empty property insurance cost?
There are different factors that will affect the cost of insuring an empty house, commercial premises or other unoccupied property, including the following:
- Level of indemnity required
- Property location/size/type
- Claims history
- Any security measures you have in place
Each insurance quote is tailored to your individual requirements, as no two circumstances are the same.
Unoccupied Property Insurance
- Cover for property that is left unoccupied for 30 days or more
- Quotations available online and over the phone
- Cover for buildings, contents and property owners’ liability
- Flexible payment options*