The cost of holiday home insurance varies depending on several factors, including:
The location of your property – for example, if it’s in a place where flooding is likely, you would expect to pay higher premiums.
The size of your property – typically, you’d expect to pay higher premiums for a large mansion or villa and lower premiums for a small apartment.
The age and upkeep of the property – a policy for an old property with dated electrical systems or leaks is likely to incur higher costs than a modern, new-build home.
The value of your contents – consider keeping your holiday home free from luxury items and expensive belongings, if possible.
The cost of potential repairs – if the exterior or interior of your home is damaged, the cost to rebuild or repair affects your insurance premiums. We calculate this when drafting your policy, so higher potential repair costs may lead to higher premiums.