Out of sight, out of mind? An empty property can sometimes be neglected and lack the protection that it needs. Unoccupied Property Insurance gives you peace of mind that your property is covered for any loss or damage should the worst happen.
What is Unoccupied Property Insurance?
Whether you’re a landlord, house builder or own multiple properties, you’ll likely hold standard home insurance cover to protect your assets. But these policies don’t usually cover properties when vacant for prolonged periods of time. That’s where Unoccupied Property Insurance comes in.
Unoccupied Property Insurance is a flexible policy that protects vacant properties such as empty rentals, new builds and holiday homes. It’s designed to cover you for any loss or damage that happens during unoccupancy.
Do you need Unoccupied Property Insurance cover?
You might be a landlord with a vacant property waiting for new tenants to move in, or you might be a house builder with an empty new build while you’re trying to sell to potential homeowners.
Whichever situation you’re in, Unoccupied Property Insurance could be necessary if your property is set to be empty for more than 30 days, as the risks from flood, fire, burglary or vandalism damage rise significantly.
In most cases, this type of insurance policy can cover:
- Property damage caused by fire, flood, storms, subsidence or water leakage
- Contents for properties that are furnished
- Theft and vandalism
- Owner’s liability if someone hurts themselves on your property
- Accidental damage
There are so many reasons for properties to be left empty for a long period of time. By working with a range of leading insurers, we can offer high-quality protection for:
- Empty rental properties
- Homes undergoing probate
- Vacant commercial properties
- Second homes
- Holiday homes
- New builds
- Properties undergoing renovation
- Properties that are on the market and the owners have moved out
Choosing the right cover for you
So, while there’s no legal obligation to insure an empty property, a tailored policy can give you that extra peace of mind and save you money in the long run. At FMB Insurance, Unoccupied Property Insurance is flexible, with the option available to take out short-term or long-term cover depending on your situation.
To make sure your unoccupied properties are fully protected, request a tailored quote from FMB Insurance today on 01353 652 760 or email [email protected].
FMB Insurance can manage all of your business protection needs under one roof, delivering the right policies for the right situations. Insurance and warranty products include Unoccupied Property Insurance, Contract Works Insurance, New Homes 10 Year Structural Warranty, Public and Employers’ Liability Insurance and more. Call 01353 652 760 or email [email protected].