Properties maybe unoccupied for many different reasons. A landlord could have a gap in their tenancy, a property might be going through probate, or maybe the property is sitting vacant until a more permanent solution can be determined.
But no matter the reason why a property might become vacant, the process in it becoming empty is never as simple as just turning off the lights and locking the door.
There are steps that property owners or those responsible for the property can take to reduce the risk of financial loss.
Is your unoccupied property insured?
If your property is going to sit vacant for a long period of time, consider taking out specialist unoccupied property insurance, which can offer a much more flexible and long-term solution.
Note that some home insurance providers will not automatically include a second property, while other standard insurance providers may only cover an unoccupied property for up to 30 or 60 days.
Securing the property
The longer a property is left vacant, the higher the risk of a potential break-in or theft. Keep all security systems active while the property is unoccupied or consider installing CCTV or an alarm system. All entry points such as doors, windows, skylights and garage doors, should be securely locked using British standard locks. Missing or weakened entry points should be covered by window bars or security panels.
Keeping up appearances
Whether your property is sitting unoccupied for a few weeks, or for a few months, appearing as though…
If you want to keep reading and discover the rest of our top tips, we’ve got you covered!
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This article is for general information only and does not constitute advice or a recommendation. It does not take into account your individual circumstances. if in doubt, you should seek appropriate professional advice before acting on any of the information provided.
Guardcover is a trading style of Thistle Insurance Services Limited. Thistle Insurance Services Limited is authorised and regulated by the Financial Conduct Authority. Firm Reference Number 310419. Registered in England No. 00338645. Registered office: Rossington’s Business Park, West Carr Road, Retford, Nottinghamshire, DN22 7SW. Thistle Insurance Services Limited is part of the PIB Group.
