What Kind of Property Qualifies as a Second Home?
Any property owned that is not a main residence is seen as a second home. Depending on the use of the property, second homes are subdivided into holiday homes or a second home. Most of the time this type of property can’t be insured through standard home insurance policies. This is due to the increased risks it may incur.
Holiday homes are properties which are used specifically for holidays, and oftentimes are left vacant for long periods of time. Because of these vacant periods, this type of home has a different insurance risk to a main residence. Often standard insurance policies won’t cover homes that will be empty for a certain length of time, usually over 30 days.
When dealing with private clients, holiday homes often have high priced fittings and contents such as swimming pools and hot tubs. This makes it extremely important to find the right insurance policy to keep all your costly assets safe.