What is covered by unoccupied property insurance?
Empty house insurance generally covers your premises for losses caused by lightning, smoke, fire, explosions, earthquakes and other natural disasters, aircraft collision and legal liability.
Other insurance to consider when buying unoccupied property insurance
If your empty property has any land with it, such as a garden, backyard or field, you may also want to take out land insurance. This will cover you if anyone gets hurt or injured on your land, such as the occasional visitor or workman, or even – unfortunately – trespassers.
Can I insure my empty property if it’s for sale?
Of course. It’s worth noting though that there’s often a minimum policy duration for unoccupied property insurance, so if the sale completes during this time you may not be able to get your money back on the unused portion of an annual premium paid in advance. If you decided to pay monthly, you would still have to pay for the minimum period.
What if my property is empty for a particularly long time?
If you know in advance that you are not going to be living there, and you have some time to prepare for leaving your home empty, then there’s no limit to how long you can leave your home vacant. As long as your insurance provider is notified of your intention to leave the property unoccupied, and you continue to meet all the terms and conditions of your policy, your house can remain continually covered for an extended period.