Prestige Underwriting sees spike in non standard holiday home broker enquiries
While the UK’s love affair with a foreign holiday remains strong, booking the long-awaited holiday abroad may not be on the horizon for everyone this Summer! With higher prices for airline tickets and the cost per person of the standard package holiday on the rise, it may be that the year of the staycation is not restricted to 2020/ 2021 only. At Prestige Underwriting we are seeing a marked trend in an increase in Broker enquiries for non-standard home insurance with holiday home cover.
If you or your client is a property owner with Holiday Homes available to rent, this could be a rather lucrative season for you! It is important therefore to ensure the appropriate insurance cover is in place otherwise this lucrative market opportunity could see policyholders exposed and vulnerable.
With a holiday home left empty for long periods of time throughout the year and the fact the owner may rent it out to guests, it is important that the property owner considers the level of cover needed to ensure they are sufficiently protected. Getting the right cover for a property that is unoccupied for shorter or longer periods is vital. Whether this is down to quieter rental periods or during planned maintenance, giving your customers peace of mind against the risks that are considered more prevalent when owning a holiday home such as burglary, malicious damage, storm & escape of water, is a priority.
With an appetite for UK Holiday Homes cover, the Prestige Underwriting Coverall product covers these risks, giving property owners peace of mind that your home-away-from-home is protected.
If you are an insurance broker and would like to learn more about Coverall, our Home Underwriting team will be happy to chat through any queries you Contact the team on 08000 11 37 77 or email gb-home@prestigeunderwriting.co
Authored by Prestige Underwriting
About Prestige Underwriting
Long established and highly trusted across the UK and Ireland for developing non-standard and niche insurance products, we enable brokers and partners of diverse size and scale to compete in a highly dynamic marketplace.
Our 130-strong team-work in partnership with around 1,300 brokers and partners with the aim of not only meeting their needs but, wherever possible, exceeding their expectations.
At Prestige Underwriting we take a partnership approach to understanding what our clients' needs are and they find that we are expert and agile specialists in what we offer. We are efficient, flexible and approachable which gives us an advantage and edge to ensure we always deliver for our partners.
Our professional, customer centric, agile and flexible approach to developing, delivering and continually enhancing our products and service offering has been key to securing and maintaining longstanding relationships with our Broker network since 1997.