Overseas Property Insurance for a Holiday Home, Villa or Apartment
Most villa and holiday home owners are confused when choosing overseas property insurance - should you choose a locally sourced policy or a UK based insurer? A cheaper local policy often seems like the best option because you assume the insurer understands the market. However, foreign property insurance traditionally provides inadequate protection from the major perils that holiday homes abroad face.
Local insurance policies also have their own labyrinthine complaints and claims procedures, and unlike the UK, customers of these foreign providers generally do not have recourse to the equivalent of an ombudsman or the FSA to solve disputes. Consequently, choosing holiday home insurance abroad is risky.
Schofields provides overseas holiday home and villa insurance for the following countries - select your option to view the policy details: