Very often, while we take care of the insurance of our main residence, we do not do the same for our holiday home. However, the holiday house, furnished and equipped with electrical appliances is also an asset, exposed to the same risks as our main residence and sometimes to many more.
Built usually in non-urban or semi-urban areas near forests, at high altitude or in coastal areas, it is threatened by natural and weather phenomena. Unfortunately, in recent years, with climate change, the intense weather phenomena such as sudden storms, extreme snowfall and hailstorms, floods and heat waves that aid transmission of fires are occurring more often and with greater intensity.
Also, the holiday house is not regularly inhabited which means that it is not properly supervised.
Therefore, any damage may not be immediately noticed by the owners and this delay may mean an increase in the damage and a higher cost of repairing it. For example, a simple water leak that continues for a long time can cause a huge corrosion problem.
For all the above but also for earthquakes (since we live in an area with increased activity), for the frequent burglaries and thefts and all the unforeseen events, we must make the right moves to protect our assets through a holiday home insurance.
Insurance companies have several proposals to offer for specialized protection against particular risks; it should be mentioned that most of them ask you to have your primary residence insured also, while fitting security systems is particularly important.
What to look for when insuring your holiday home.
• An important factor for proper insurance is to calculate correctly the values of the building and its content.
• The correct choice of insurance program should cover as far as possible all needs, namely:
- Theft Cover
- Fire Cover
- Short circuit Cover
- Piping Breakage Cover
- Flood Cover
- Snow or Frost Cover