According to Holiday Lettings:
- There are 1.7m holiday homes in the UK and 786,000 UK-owned homes overseas
- 34% of holiday homes were paid for by the owners remortgaging their main home
- 44% of long-term owners let out their holiday properties to cover running costs
As with any financial investment it makes sense to protect against risks that may leave you out of pocket if something goes wrong.
Getting cover could give you the peace of mind that comes from knowing that your property is protected against problems like storm damage and theft while you can't be there.
Whether your holiday hideaway is in a country like Spain, France or Italy, or closer to home in Ireland or the UK, it's likely that it will occasionally be left empty. It's important to always check your policy carefully to see exactly what's covered, country by country.