Many people buy their overseas properties using an overseas mortgage, and often the overseas mortgage companies insist on the buildings insurance being arranged in the country the property is in, with a company they have an agreement with.

This was common practise in the UK,  however legislation has ensured UK  banks and building societies can no longer insist on the the insurance being arranged by a specific company. 

Cyprus, Portugal and Spain to name but a few all insist on buildings insurance being arranged locally.  This often not only fails to provide the insured with the best cover available, it often fails to include vital landlords liability protection, and often includes unrealistic unoccupancy conditions.

However help is on hand!!  You can insure the contents of your Overseas Property and include £5m liability protection in the UK with a company of your choice.  

Some Overseas Management companies insist you have at least £5m liability cover before they will manage your rentals. To obtain a quotation for your Overseas Property Insurance visit www.overseaspropertyinsurance.co.uk and request a quotation now.

Filed under: Protection