Holiday Home Contents Insurance Is There When You Aren't
Many individuals have full insurance on their primary residence and also cover the contents of their home. However, failing to have holiday home contents insurance for their vacation homes can leave them out in the cold in the event of a fire, storm or theft. Most holiday homes are usually empty for long periods and the chance of a break in increases with every day it sits empty. For this reason, many owners opt to rent their properties out when they are not using it, making it even more important to have it covered with holiday home contents insurance.
Most owners of second homes protect their investment against fire and most natural disasters but often forget about all of the furnishings and other belonging they leave in the house when they aren't there. An unoccupied home is an ideal target for thieves and in many instances it can be days or even weeks before the theft is discovered. With holiday home contents insurance anything in the home that is listed on the insurance policy can be recovered.
Under most policies, furnishings and normal electronic items will be covered, but unusual or expensive items will have the listed separately to be covered under the holiday home contents insurance policy.
Rentals Agreements May Not Cover Everything
Most times when a holiday home is rented out part of the year, the rental agreement states that the renter is responsible for any lost or damaged items in the home. However, this may not cover losses if it cannot be proven which renter is responsible. If the home sits vacant for a week or so between renters before the loss is discovered, the holiday home contents insurance policy may be needed to cover any losses.
If the home is hit by a major storm and destroyed, having all items listed on the holiday home contents insurance policy will help in recovering money for the loss of the items. However, common sense says that anything that is really valuable, either monetarily or sentimentally, should never be left behind in the home when the owners returns to their primary residence.
The type of furnishings and their age will help determine the cost of the holiday home contents insurance and most holiday homes may not have the finest furniture or linens on the market. For those that do, listing them as well as documenting the value to the insurance carrier prior to buying the policy will help with any future recovery efforts.
