A recent survey by British Insurance found that more than half (52%) of homeowners only skim read the terms and conditions of their home and contents cover, and fail to look out for a clause which could render their cover invalid or reduced if they take an extended holiday. 

Many home insurance policies include clauses whereby the cover is significantly reduced or even rendered invalid after a home is unoccupied for as little as 30 days.

The report found that people on a career break, sabbatical or who holiday in a second home for an extended period of time are most at risk. Those also affected include people working aboard or living in another property while waiting for their property to sell.

The dangers associated with an unoccupied property rises dramatically with the length of absence. Not only does the prospect of water damage from burst pipes increases, but there is also the threat of burglary and even risks posed by squatters moving in while you are away.

Tim Johnson, CEO of British Insurance, said: “Nothing is worse than returning from a relaxing time away to find something wrong at home. However, people are usually comforted to know they’re covered. To find out you aren’t however can be devastating and extremely costly. This couldn’t be a more clear-cut argument for reading the small print.

“Many home insurance policies are bought from price comparison sites that offer one-size-fits all cover, but hidden away in the T&Cs are things that can leave you seriously compromised.

“If your absence is going to be anything over a month we would recommend an unoccupied property insurance policy, something that offers you the depth and flexibility of cover that a standard policy simply cannot. There are, for example, 3, 6, 9 and 12 month policy options – meaning you only have to pay for the length of time you are away.”