How to Insure Your Valuables in Your Holiday Home
Insurance can be a confusing topic. Knowing when you’re covered and when you’re not isn’t easy to figure out, especially when you’re new to the whole insurance scene.
Take holiday homes, for example. How do you know if your holiday home’s contents are covered by your standard home contents insurance policy? Will you just assume that they are and hope for the best?
That’s a little risky, as research suggests that burglars are twice as likely to break into your holiday home while you’re staying in it. Cash, jewelry and electrical devices are all up for grabs as far as thieves are concerned.
Most burglars are opportunist thieves, meaning they’ll strike when they spot the perfect moment to do so. Leave your phone, camera, wallet, laptop or iPad on display for too long, and it may be gone the next time that you look for it.
This makes insurance a valuable thing, especially if you value piece of mind. But are your holiday home contents covered if you have regular home contents insurance?
On Holiday, Your Contents are Likely to be Uninsured
The answer to the above question is sadly, no they aren’t. While many home contents insurance plans do cover second homes, very few protect against valuables and other possessions you may bring with you, such as your camera or laptop.
This means you’ll need to pay extra attention to them, or alternatively, if you feel like doing so, organise some insurance that will cover your valuables while in your second home.
By upgrading your insurance cover to protect against “all risks”, you’ll find that you are covered if you take your valuables to your second home with you. While this costs a little more than standard home insurance, you are paying for greater protection.
You may also find that travel insurance protects you against thefts and breakages, but this will depend on the type of travel insurance you buy.