Saturday 12 May 2012

Home owners leave properties without sufficient insurance - Telegraph

Home owners leave properties without sufficient insurance - Telegraph

More than 700,000 residential properties in England are left unoccupied, according to the charity Empty Homes. These vacant properties are often managed by people taking responsibility for the estate or affairs of another person or while a property is awaiting sale. However, many wrongly assume that existing buildings and contents cover would provide adequate protection should something go wrong and as a result hundreds of thousands of homes are currently uninsured.
"Standard home insurance is insufficient because most policies state that your property must not be unoccupied for more than 30 days," said Nick Long, managing director of British Insurance. "If it is, it's likely the policy will be invalidated and any claim rejected."

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