• Common facilities such as a games room, gym, sauna, or pool
• A restaurant or café
• A hot tub or swimming pool valued at more than £10,000.
• You have employees.
• You hold events such as weddings etc.

A holiday let insurance is a specialist policy that covers properties that are let to paying guests on a commercial, short-term basis.

Holiday let policies should offer cover for Property Owners’ Liability, loss of rent, accidental damage, malicious damage by tenants and periods when the property is unoccupied.

Most standard home insurance providers will not cover holiday lets as they consider them to be too great a risk.

Most likely. If your property is a second or holiday home, you need to check that your cover includes insurance for claims caused by paying guests in your property. 

A traditional holiday or second home insurance policy is usually designed to cover personal use of the property by yourself, friends, or family members. Cover for things like loss or rent, malicious damage by tenant, theft, alternative accommodation or property owners liability insurance may not be included. 

Standard home insurance policies cover things such as theft, flood, storm, escape of water, subsidence or fire. A specialist holiday let policy should offer cover for:

• Property owners liability including cover for accidental bodily injury and accidental damage to property.
• Accidental damage to contents cover caused by tenants (optional cover).
• Theft and malicious damage cover caused by tenants (optional cover).
• Alternative accommodation for your guest if your property cannot be lived in following damage
• Fire and escape of water damage caused by a paying guest (a standard household policy will typically exclude this).
• Replacement locks following theft of keys.
• Employers’ liability insurance which is a legal requirement if you employ staff such as a cleaner or gardener.
• Loss of rental income if the premises cannot be lived in as a result of an insured event and you have to cancel bookings.
• Optional legal expenses cover, an optional additional policy covering you against legal expenses incurred in defending yourself, or making claims against others.
• Optional home emergency cover, an optional additional policy providing 24 hr protection in the event of a problem with the property’s heating, plumbing, locks or electrics.

• Loss of rent receivable if your buildings cannot be lived in or access to them is denied as a result of an insured event.
• Ground rent 
• Professional accountant charges
• Automatic rent review an increase to reflect the revised rent receivable amount.
• How long can I claim for lost rental? When setting up your policy you can choose to be covered for 12, 18, 24 or 36 months loss of rental income. 
• How much loss of rental can I be covered for? When setting up your policy you can decide how much cover you need. The default is 20% of the buildings sum insured but you can change this as required. Please remember that the monthly maximum cover is the sum insured that you have selected, divided by the number of months cover you have selected. For example, a sum insured of £12,000 over 12 months would allow you to claim for up to £1,000 per month for 12 months. The same sum insured over 36 months would only allow you to claim up to £333.33 for up to 36 months.

This is purely down to personal choice.

Accidental Damage is included as standard on the buildings section of the Policy Powerhouse let property policy. It is optional cover on the contents section of the policy. Your policy schedule will confirm if this cover is included.

• Pay annually
  It’s often cheaper to pay the premium annually rather than paying monthly. Most insurers will charge interest or an admin fee if you opt to pay monthly.
• Buy a combined policy
  Buying buildings and contents insurance together from the same insurer will save you money compared to buying each separately.
• Increase your voluntary excess
  Opting to pay a higher voluntary excess can lower your insurance premium.
• Don’t over-insure
  Overestimating the rebuild cost of your property and the value of your contents will increase your premium, so ensure the figures are accurate as possible.

Please contact our broking team directly:

• You can complete our enquiry form here
• Hello@policypowerhouse.co.uk
• 0333 7727452

Very little! Policy Powerhouse have taken the hassle out of arranging specialist holiday let cover by pre-populating a great deal of the questions asked using purchased data from market leading third party providers. The process Is simple and fast.

Each holiday let complex will be underwritten based upon the specific requirements and we work with a number of different insurers to ensure the best cover at the best price. Your quotation and policy documentation will clearly identify the insurer.

Our insurers include; Modus Underwriting, Prestige Underwriting, Compass Underwriting, AVIVA Insurance, AXA Insurance, Accelerant Insurance, Bspoke Underwriting and HCC.

A quotation is valid for 30 days from the date of issue.