Second home insurance is a policy which will cover a property that is not your main residence. If you own a second home, you'll know that you simply can't be there to protect your property all of the time, which can leave your house susceptible to risks.
Situations covered by insuring a second home with us can include:
Getting suitable insurance for your second home is just as vital as the cover you put in place for your main residence. Typically, a “normal” or “standard” home insurance policy isn’t suitable for a property that isn’t your main residence or family home. This could leave you in difficulties in the event of a claim.
You need a policy that is specifically set up with the way that you use your second property in mind, since you might not always be there or other people may be renting the house from you.
Defining which property is your main residence can sometimes be tricky. Aspects to consider when making the decision are where most of your belongings are kept and where you spend the majority of your time.
For instance, if one address is predominantly used for legal interests, is where your car is registered and is what you would consider to be the family home then your insurer will use this distinction to provide cover for your main residence. Anything outside of these situations would typically be a second home, including holiday homes and weekday/weekend properties.
Unlike other insurers, with HomeProtect you can almost always obtain a quote online, so you won’t have to phone us unless you actually want to. Our policy is also backed by an efficient and fair claims service, so you can relax knowing that if anything happens to your second property, we’ll be able to help you.
Our buildings cover has been rated 5 Star by Defaqto, meaning that it provides excellent levels of cover Buildings.
Most mortgage lenders insist that homeowners have adequate buildings insurance in place. It is also generally recommended that you have contents insurance to protect your belongings. In the event of a loss or damage then contents insurance can help to cover the cost of repair or replacement. This is definitely a worthwhile investment if you are letting your second home to paying guests.
Your insurer must be made aware if your property will be left empty for 30 consecutive days or more. An unoccupied home is susceptible to more risks, such as burglary, so your insurance provider may need to alter the terms of your cover to be able to continue to insure the building. A specialist provider like HomeProtect can help if you are struggling to source empty home insurance for your second property.
Just like when you research insurance for your main residence, you will need to know the rebuild cost of your second property. This is the amount it would take to build from scratch, not your home’s market value. You should also know the year the property was built, the property’s history including subsidence and flooding, and the value of your belongings to be insured.