home insurance policies abroad can be full of catches - Take care
on a holiday home insurance abroad can be very complicated. Dealing with complex
insurance policies on overseas homes is something more and more people are having
to come to terms with.
are now more than 1 million properties owned by the British.
What can you do? First
of all read and check the small print in the policy. If it is in a language that
you do not understand have it translated.
whether your cover does exactly what it is so that the insurer cannot reject a
claim at a later stage.
Make sure that your property is compliant for a country's particular legislation.
In France now a swimming pool has to be properly gated and if your pool does not
comply with the law, it could invalidate the entire policy.
sure that your buildings insurance covers the gardens and outbuildings, not just
Let the insurance company know that you are letting the property out and when
you let it out to holiday makers, make sure that the visitors have taken out their
own travel insurance.
In some cases
you might not be covered for subsidence and earthquakes and the Public Liability
level is often lower such as in Portugal.
Rather like in Britain you might have conditions, that if you are away from the
property for more than a month you might need someone to check it over regularly,
drain down plumbing and leave heating on.
you have a mortgage, the lender might be able to provide advice or as you might
well have a bank account with a bank in the country the property is situated in,
A lot of British based
insurance companies are now covering overseas properties and many of these can
be found via
the web. There are now also many multinational insurance companies operating,
names that are familiar in Britain are becoming just as familiar in France and
Spain. Shop around and take care. For more information Click
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does not take responsibilty for the accuracy of this information.
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