OwnersAway Property Rentals

The cost of insurance is one of the things that we all grumble about. But it really is a necessary evil – and essential if you are to be a responsible property owner and landlord.

So what do you need to consider for your rental property?

•       First make sure that you let your insurer know that the home will be rented out for short or long term lets. Some companies charge slightly higher premiums for this, but if you do not disclose this fact, any future claim could be invalid.
•      Take out a good buildings and contents policy and make sure that it is for the correct amount of cover for both the rebuild cost and the cost of the contents.
•      Make sure that public liability cover is included. This part protects you in the event of any holidaymakers making a claim against you for any incident occurring whilst they stay at your property.
•      Read the small print on the policy and make sure that you know exactly what is included in the cover, and that it offers you the right level of protection.
•       Make sure that you advise your guests that they need to take out their own insurance to cover any lost luggage, theft and similar incidents whilst on holiday.
• There are many good brokers around, many specialising in services for ex-pats, so shop around and get as much information as you can and as many quotes as possible.

The right policy will protect both you and your home, and give you peace of mind that you have the right cover in place for the inevitable mishaps and muddles that occur. There really is no excuse for being "uncovered" in the sun!

Hasta Pronto

Liz