Buying a property overseas can be an exciting and exhilarating experience whether you are purchasing it for pleasure or profit. But with your foreign home you’re also taking on a fair bit of responsibility and it will be up to you to arrange overseas property insurance. This can often be set aside as a bit of an afterthought in the rush to secure that dream holiday home, but cover is just as essential for a property based abroad as for one at home.

In the process of arranging the purchase you may find that you are offered protection by an overseas company or a firm recommended by the foreign mortgage provider. While this might seem sensible and convenient, you may not get the best deal and were still could end up with something which is completely inadequate.

People have even found they end up with policy documents which are not available in English, meaning they can’t understand the document at all or have to get by with their basic grasp of the local language.

Overseas property insurance can be arranged by UK companies who specialise in supplying documents in English and even employ English staff so processing your claim need not be stressful. Therefore if something does go wrong it can be far easier to go through the UK based company rather than attempt to contact the foreign call centre where staff may not speak enough English to deal with your enquiry.

Specialist cover like this can also help homebuyers who expect that their property will be left empty for long periods. It can also provide protection if you’re thinking of renting out the home to guests. Policies can even include protection for any accidental damage in the home and even any damage to property caused by tenants.

Something else worth considering is what would happen if the property suddenly became uninhabitable because of something like a fire or flood. Hundreds of thousands of Euros could be lost, for example, if an expensive French holiday home cannot be rented out during the high season. Overseas cover can even come with protection for your loss of income due to such a disaster.

Protection can also be arranged whatever level of contents you expect to keep in the house and there is no need to pay for extras like protection for swimming pools if the property does not have one. Deals can even include any foreign taxes when it comes to the premium.

Overseas property insurance can therefore be a straightforward way of making sure the right protection is in place for a home based abroad. As it is unlikely that the owner sare going to be able to keep a particularly close eye on it, cover can be essential not just in terms of peace of mind but in terms of protecting what may be an investment which someone has spent years saving up for.

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Austria	Egypt	Italy	Netherlands	Spain
Belgium	Estonia	Latvia	Norway	Sweden
Bulgaria	Finland	Liechtenstein	Poland	Switzerland
Cape Verde	France	Lithuania	Portugal	Tunisia
Cyprus	Germany	Luxembourg	Rep. of Ireland	Turkey
Cyprus (North)	Greece	Malta	Romania	UAE
Czech Republic	Hungary	Monaco	Slovakia	United Kingdom
Denmark	Iceland	Morocco	Slovenia

 

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