Unoccupied property home insurance

How much does unoccupied home insurance cost?

The cost of insurance for unoccupied homes can vary between providers and policies, but the average price of cover for homes that are empty for 31 to 45 consecutive days is £146, according to data from MoneySuperMarket. The exact cost for insuring your unoccupied home could be higher or lower because insurers consider things like:

• Property value: Expensive properties and belongings cost more to repair and replace, so you’ll have to pay more to cover them
• Property location: If your property is in an area with high crime rates or a high risk of flooding, the price of cover will go up
• Property security: Improving the security features of your home when it’s empty will help prevent burglaries
• Property maintenance: Ensuring your water pipes are insulated during winter months will prevent escaped water from damaging your home – the consequences of which can be severe if left untended
• Level of cover: The more extra policies you add and the higher the level of cover you take out, the more you’ll pay in premiums.

How long is your home going to be unoccupied?

While standard home insurance generally comes in year-long terms, unoccupied homes don’t always stay empty for 12 months. This is why insurers usually offer unoccupied home insurance in policies lasting for three, six, nine or 12 months.

If you think you’ll be away for longer, or if your absence is sudden, you’ll normally be able to extend your policy as well. For example, if you’re stuck abroad on holiday and flights are grounded, or if your house sale is taking longer than originally planned.

What if you fail to tell your provider your home is unoccupied?

You risk invalidating your home insurance policy if you need to make a claim and you fail to tell your provider that your home is unoccupied for longer than the time set out in your policy details.

Claiming on unoccupied home insurance

You should check if your insurer has any specific terms about how to make a claim – for example, if you need to contact them instantly or if you need to file a police report.

There are also some things you should consider before claiming:

• No-claims bonus: Insurers often offer discounts on premiums if you haven’t claimed for a long time – but if you do make a claim, you’ll lose this bonus, meaning your premiums will likely go up
• Excess: Excess is the initial amount you pay towards a claim before your insurer picks up the remaining cost. It can be steep in some cases, so it’s worth considering whether it’s cheaper to preserve your no-claims bonus and pay for the damage yourself.

Comparing unoccupied home insurance

If you’re going away and you know your home will be empty, comparing unoccupied home insurance can help you find the right policy for you – so you’re insured for the right amount of time for all the things you need cover for.

You can browse different quotes from a variety of insurers with MoneySuperMarket and compare them by their price, the quality of cover, the excess they need, and the feedback each policy has received from customers.

All you’ll need to do is enter a few details about your home and its occupants, your area, and the details about your trip away. You’ll then be able to search through different deals so you can find the policy that best matches your needs.

You should also keep in mind that the cheapest deal isn’t always the best – you’ll be better off looking for unoccupied home insurance that ticks every box you require, including the time you’re away and the things you want cover for. It’s important to check the policy documents carefully before confirming your choice, so you know the specifics about what’s included.