Owning a second home can be great, whether it’s a holiday home, a flat in the city or a rental property, an extra home is often a bonus. However, insuring multiple properties can be a bit of a headache as different types of buildings require different types of home insurance.
Your insurance policy may change depending on the type of property you need to insure. Here are some of the most common.
As long as your holiday home is in the UK, is only used by you, your friends and family and you’re not receiving any profit from allowing people to use the home then it’s more than suitable for our standard Home Insurance – you could even add it on to your existing Admiral policy for a MultiCover discount.
Because holiday homes are often empty for long periods of time, insurers may view it as a bigger risk. At Admiral, we can cover your holiday home if it’s left empty for up to 120 days, depending on the level of cover that you select – we may need to add extra terms and conditions to your policy if you are leaving the holiday home empty for more than 60 days.
If you live in an area that's particularly at risk of damage from floods or subsidence, you may have particular needs from your insurance. Take a look at Admiral Flood Insurance for cover for your home and possessions.
Insuring multiple properties may sound complicated but it should really be no different to insuring just one home – you’ll just need to give us a bit more information. If you insure with us you can speak directly to one of our advisors to confirm the details of each property.
That’s useful in any case, because speaking over the phone can be the best way to get the best deal and the right cover for your needs - you’ll benefit from our expertise and customer service as we take you through all the options and suggest the best one for you.
The good news is that when you speak to Admiral, you can package all these properties into the one policy – not just for your home but also for your car. Our MultiCover policy means you can insure your homes and cars under one policy and you’ll only have one renewal date. That means you’ll only have to arrange insurance once a year!
MultiCover saves you time and effort. There’s no need for separate details for each car and each property – they can all come under one roof, with a single payment and a single renewal date.
When transferring to MultiCover, you don’t have to cancel any existing policies. Let’s say the home insurance on your main property ends today, but you have a flat and a holiday home that aren’t due for renewal for a couple of months. We can start the insurance for that main property and then bring those additional properties in as they reach their renewal date. There’s no risk of doubling up on insurance.