What needs to be covered by my holiday let insurance policy?
As with a standard home insurance policy, if the property is mortgaged, your bank will probably need you to have sufficient cover. If you own the property it’s advisable to have cover in case of any emergencies or damage to the structure. As with buildings insurance, you should work out the appropriate re-build cost to make sure you have sufficient cover.
If you leave belongings such as TVs, furniture and kitchen equipment in your holiday let, you should consider taking out a holiday let contents insurance policy. When looking for a holiday let house insurance policy, make sure you tot up the amount it would cost to replace all the items in your home if they were damaged or stolen.
You will also want public liability insurance for your holiday let. Some holiday let property insurance policies will include this as standard but if not, you’ll want to add it as an extra. Public liability insurance for your holiday let protects you against legal costs if someone were to injure themself at your property and take legal action against you.