Non-standard home insurance is a growing category that more and more people are finding themselves falling into. One of the biggest problems with all of these situations is that the people they affect often don’t realise that they are ‘non-standard’. Often this will not become apparent until there has been a claim, where homeowners can then discover they are not covered in the way they thought.
So what exactly is non-standard? Many people would automatically think of this as being a property that is built in an unusual way, for example, if it is an unusual shape or is a quirky converted church. However, non-standard covers much more than this, including properties that are unoccupied, have been underpinned or that are being renovated. It also takes into account the homeowner that the policy will be covering. People can be classed as non-standard due to their poor credit history, previous convictions or simply the fact that they often work away from home.
One of the most common causes of needing non-standard home insurance is your property being unoccupied. This can be caused by a number of factors including moving abroad, an extended holiday, awaiting the sale of a property when you have already moved or the death of a family member, leaving their probate property in your possession.
Lots of insurers are unable to provide home insurance for properties such as this, largely due to the increased chance of damage occurring at the property when there is nobody living there to check it frequently. A small issue such as a crack in a pipe could soon turn into massive scale water damage if someone was not there to pick up on the problem when it starts. Equally, empty homes are far more likely to be targeted by thieves and vandals as they are easy targets – the last thing such people want is to be confronted by an angry property owner.
There are a number of ways that you can reduce the risk that is posed to your unoccupied property by taking a few simple steps. Firstly, ensure that all of your security devices are in good working order. This includes installing the most up-to-date and secure locks on your doors and windows and perhaps considering further security devices such as motion sensor lights or a CCTV system.
Steps should also be taken to try and make the property look lived in, even if it is not. Post should be collected on a regular basis so that it does not gather on the doorstep (a tell-tale sign of a long-term empty home) and general maintenance such as cutting the grass and simple de-weeding should be carried out whenever is possible.
In order to protect an empty property while it is in your possession, it is also wise to check that you have adequate insurance in place. For the reasons stated above, empty properties can be particularly vulnerable so knowing that you won’t have to foot the bill if something goes wrong can be very reassuring for homeowners. Many standard insurers will be unable to provide adequate cover for risks such as these, so it may be necessary to look for a specialist provider – luckily there are a number on the market that can provide cover at reasonable prices.
4 Weeks Ago, Friday, September 22, 2017, 15:58:27