Overseas Property insurance is essential and it is important that insurance is obtained from a reputable vendor. The policy should be written in your native language and cover you for every eventuality.
What Must Your OverseasProperty Insurance Cover?
When looking for overseas
property insurance you need to know what sort of
insurance you need. These are some of the questions you should be thinking about
o Will the
property be unoccupied for long periods of time?
Is there a risk of flooding or subsidence?
o What is the crime risk?
o Do you need cover for pool damage?
o Is cover for loss of rental income necessary?
o Do you need public liability and accidental damage
insurance to cover those renting your property?
Most Important Factors
But the most important factors when choosing
insurance for your overseas property are those covered in the beginning:
o Make sure you buy
insurance from a reputable broker, preferably with a long-standing firm.
o Make sure the policy is written in plain and clear wording. If necessary have clauses added or removed for extra security to avoid being caught out by carefully engineered loopholes.
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overseas property insurance
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