For a holiday home, the types of insurance are varied but necessary. Here are the types of cover you will need to consider:
- Buildings cover - your mortgage company will insist on this
- Contents cover - your own contents should be adequately covered, whilst your guests should cover their own contents and accidental damage to your property.
- Public liability - covers you for civil actions brought by guests who may sustain injury on your property.
- Employee liability - you are likely to employ casual labor in the process of running your small business and this cover is a legal requirement.
- Loss of rental income cover - this can be had for a small percentage of the annual rental income.
- Cancellation insurance - in case guests let you down.
- Personal accident insurance - in case you are incapacitated at critical times.
Filed under:
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment