What does ‘new for old’ mean?
It means that the item referred to will be replaced for its current value without a deduction for wear, tear or age.
Do I need to specify any valuables?
We would recommend that you check your main household policy to see if it covers items outside of your permanent residence. This cover is often referred to as ‘all risks’. If you keep any items permanently in your holiday home and they exceed the single article limit of £3,000, then you will need to specify them on the policy schedule.
Do I have accidental damage cover?
Accidental damage cover is available to the policyholder and family members for both buildings and contents.
What if my property is left unoccupied for long periods of time?
Make sure you check the insurance-the holiday homes policy does allow for some unoccupancy, subject to terms.
How much do I have to pay in the event of a claim?
Our policies usually state that you need to pay the first £100 of any claim, apart from escape of water where you need to pay the first £500 of any claim and subsidence and landslip where you need to pay the first £1,000 of any claim. If you have arranged a different excess fee with us, you will need to pay that amount. Excess fees may vary depending on products and circumstances.
Want to insure more than one holiday property?
We offer insurance for one or more holiday homes. This includes homes that are in the United Kingdom or overseas. Please call us to discuss your requirements.
Does the policy include liability cover?
Usually cover up to £5 million of protection for both property and public liability is included in your holiday home insurance policy.
Is fire and theft included in my holiday home insurance policy?
Yes, this is one of the risks which your policy covers as standard.
If I am sub-letting my property out as a holiday home, will I be covered?
Absolutely. Adler Insurance Brokers specialise in holiday letting insurance as well as holiday home insurance. Contact us for more information.
How much should I insure my holiday home for?
For your buildings you need to take into consideration not only the cost of rebuilding the main property, but also any outbuildings, swimming pools, boundary walls etc. The value should include solicitors’ and surveyors’ fees as well as demolition costs. With your contents, you need to consider all household goods and personal property within your holiday home and how much you would have to pay to replace them as new. We make a deduction for wear and tear for clothing and linen.
Does the policy include cover for heave, subsidence and landslip?
Yes, if your property is in the UK, Spain or Portugal. Unfortunately we can’t currently insure against this in other countries.