Second-home owners warned over insurance
OWNERS of second properties, including holiday homes and business premises, have been warned to inform their insurance company if their property is unoccupied for long periods of time.
The Professional Insurance Brokers Association (PIBA) said that companies were refusing to pay claims arising from weather damage, including burst pipes, because they were not covered. This is because policies do not cover buildings unless they are in use.
PIBA spokeswoman Rachel Doyle said that if a building became unoccupied it would be considered a "material fact" which would impact on cover.
"Owners of such properties could be in for a nasty shock in the event of something adverse happening to their properties if they have not informed their insurance companies that the properties are unoccupied," she said.