Second homes whether for pleasure or income, in the UK Europe or elsewhere, require special insurance.
Having a property in an overseas country is for the most part a real pleasure. However insurance can be anything other than straightforward. Policies may be offered in a foreign language, be incomprehensible for other reasons, or simply costly.
Just because your holiday or investment property is outside the UK does not prevent you from arranging cover at home. You may for example be able to extend your main Home policy. Alternatively, cover can arranged as a separate policy.
As usual it is almost always saves time and brings far greater reassurance to the insurance position if you set up a relationship with a knowledgeable insurance broker who can manage all of your personal insurance requirements, from Home, to Car, to Overseas Property, to Boat, through to Travel insurance.
Bring all of the insurances together, often with one renewal date, and allow us to obtain quotations as the policies fall due for renewal and make sure you have an efficient and cost effective portfolio of insurance with one point of contact.
One very “current” emerging risk, is Airbnb and similar internet services. Letting your home out is a commercial venture and changes the risk factors for insurance companies. Your home and contents will not be insured under a standard policy unless you have agreed with your insurance company that they will give you this cover. And using Airbnb or anything similar to this service may entail using specialist insurers.