Unoccupied Property Insurance

Unoccupied properties can be at greater risk of vandalism or break-ins, and more susceptible to degradation, fire and other potential hazards. If your property is going to be left empty for more than 30 days, you should inform your insurance company, and you may need to consider unoccupied property insurance.

This type of insurance can apply to residential properties (it is sometimes referred to as unoccupied home insurance) and commercial properties, as a landlord insurance policy.

When is a property classed as unoccupied?

For insurance purposes, a property may be classed as unoccupied if it is left empty for an extended period of time. This tends to be 30 days or more and is dependent on the insurance company. If this applies to a property you own, it is advisable to make your insurer aware or seek cover that is suitable for unoccupied property ownership.

Properties can become vacant for many different reasons, including:

• Gaps between tenants renting the property
• Renovation, redecoration or an extension
• Recently purchased property and getting it ready for letting or sale
• Used as a second home or holiday home
• On the market to be sold
• Student lets
• Illness or hospital stay
• Extended holidays or care outside of the property
• An empty home awaiting probate

In some cases you may not need an unoccupied property insurance policy, but it is a good idea to talk through your circumstances and requirements with a specialist broker.