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Insurance for Holiday Lets.
Holiday letting is a special class of insurance. It is designed to protect the owner of the property against property damage (including accidental damage), damage to or theft of contents and furniture, loss of rent, public liability, employers liability and legal expenses.
It is not uncommon for owners of holiday lets to use home owner insurance to protect their properties. However this is typically inappropriate and may lead to repudiated, reduced or delayed claims payments.
Owners of holiday lets should consider a number of risks when buying insurance including:
It is critical that holiday let property owners have suitable insurance in place specially designed for holiday lets. Particularly in today's social media world you will need to be sure that if something does go wrong and your guests' holiday is badly affected, your insurer will react swiftly and decisively to fix and pay for any damage, make alternative accommodation available for guests if required, and protect the reputation of your holiday let as a nice place to stay.
By purchasing a holiday let insurance policy through a broker, you will be properly protected against insurable risks.
Heads of cover typically include:
A good policy will typically cover property and contents damage caused by:
The following optional covers may also available as policy extensions or additional policies: