Standard property insurance policies typically restrict or exclude cover once a property has been unoccupied for more than 30 to 60 days. This is because unoccupied properties face significantly.
Standard property insurance policies typically restrict or exclude cover once a property has been unoccupied for more than 30 to 60 days. This is because unoccupied properties face significantly higher risks: they are more vulnerable to break-ins, vandalism, and squatters; water damage from burst pipes may go undetected for longer; and fire damage can spread further before being discovered. Once the standard unoccupied period has elapsed, your insurer may void your policy or significantly restrict cover.
Unoccupied property insurance is needed whenever a property is expected to be vacant for an extended period. Common situations include properties between tenancies, properties undergoing renovation, probate properties awaiting sale or transfer, properties where the owner is in hospital or care, and properties that are difficult to let. The policy provides cover during the vacant period and can typically be arranged for periods of three to twelve months.
Unoccupied property insurance typically provides more restricted cover than standard property insurance, reflecting the higher risk of vacant properties. Most policies cover fire, lightning, explosion, and aircraft impact as standard. Cover for theft, malicious damage, and escape of water may be available but often subject to conditions such as regular inspections. Buildings cover is typically included; contents cover may be limited or excluded. Focus Insurance can arrange specialist unoccupied property cover that meets your specific needs.
Most standard property insurance policies restrict cover after 30 to 60 days of unoccupancy. The exact period varies by insurer and policy. If you know your property will be unoccupied for an extended period, contact your broker before the standard period expires to arrange appropriate cover.
Some unoccupied property policies include cover for properties undergoing renovation, but the scope of cover varies. If significant structural works are being carried out, you may need a specialist renovation or contract works policy. Contact Focus Insurance to discuss your specific situation.
Most unoccupied property policies require regular inspections of the property (typically monthly), that the property is kept secure with all locks in working order, that utilities are turned off where possible, and that any known defects are addressed promptly. Failure to comply with these conditions can affect your ability to claim.
Cover is subject to underwriting, insurer terms and acceptance. Focus Insurance Services is authorised and regulated by the Financial Conduct Authority (FRN 717691).