Written by Graham Cutbill-White
For many sun-seekers on a budget, holiday home swaps are the perfect way to get away from it all while keeping costs down. But the cost of insuring your home while on a home swap can be more than you expect – unless you can get a fast, flexible and affordable holiday home swap insurance policy.
With a holiday swap, you’re able to see the world without having to pay for expensive hotels. You also get the chance to not only experience life in another country, but you’ll be able to offer other solo-travellers, couples and families the opportunity to experience a side of the UK that few get to see.
Although home swaps can be a great way to holiday without the hefty price tag, you need to make sure you’re properly prepared to have people in your home.
Just as you’d expect the house you’ll be staying in to be up to scratch, you also need to ensure your house is in a liveable, presentable, and comfortable condition. You also need to be sure that you’re properly covered should anything happen to your home during the swap.
While countless holiday swaps take place without a problem, it’s always best to get the right holiday home swap insurance policy for your situation to ensure you’re prepared for all eventualities.
There are many reputable holiday swap services available online and it’s more than likely that everything will go without a hitch.
When you first arrange your holiday swap, it’s important to make sure you get references for the people that will be staying in your home.
This is most likely going to come from any previous holiday swaps they’ve had or more likely on a reviews section of a holiday swap website.
You could also try and get to know them before you exchange via emails or phone calls. The more you get to know them, the more comfortable you’ll feel staying in their house and having them stay in yours.
You should make sure that both parties’ responsibilities are outlined in some sort of formal agreement. If you’re arranging your swap through a company, they should provide you with this but if not, make sure that you draw up a contract in case the worst happens.
If things do go wrong, trying to get some form of financial compensation may be difficult even with a contract.
The best way to ensure that you won’t be left out of pocket is to have the right insurance. Unfortunately, many home insurance policies may not be flexible enough to suit a holiday swap, even if you inform them beforehand.
Your annual provider may be willing to keep insuring your home during the holiday swap but if anything happens, you could lose your No Claims Discount without even being in the house.
They could also reduce the level of your cover or increase your excess. While a holiday swap could save you money – it could end up costing you a lot more in the long run.
Temporary home insurance is the ideal option for a holiday swap and could be the best way to save you money and remove the headache of sorting insurance.
It works in the same way as your existing annual insurance but it’s only temporary and won’t affect your No Claims Discount should anything happen.
From 7-28 days you get comprehensive holiday home swap insurance that’s quick and easy to purchase and flexible to suit your situation.
With short term home insurance, you can choose the level of cover you want. You don’t have to pay for cover you don’t need and you get the peace of mind that your home and your belongings are covered while you’re out of the country.
There are two different types of cover depending on your preference. If you only want to insure the contents of your home, you can select contents only and your belongings will be insured but you’re the building won’t be.
Contents only policies will cover:
Your home is very likely to be the most expensive thing you’ve ever bought, so you’ll probably want to make sure that any damage to the building itself is covered as well.
If for example, the total value of your contents would be less than the cost to insure them, you might want to opt for a buildings only policy.
You can of course insure both the building and your contents if you wish. Simply select the policy that best fits what you want, and you’ll get the cover you need.
There are two levels of cover available and again you can choose the level which best suits your situation.
You can opt for FLEEA cover which will cover you against the threats of Fire, Lightning, Explosions, Earthquakes, and Aircraft. Any associated damage from one of these events will be covered although make sure you check your policy wording to get definitive answers to what will be covered.
The other option is Full Perils which is the highest level of cover and essentially covers all risks unless specifically excluded in your policy wording.
Whatever level of cover you choose, temporary home insurance will give you that peace of mind that while strangers are staying in your home, you and your home are properly covered.