Having a cheap holiday house insurance cover is a good thing but you must ensure that it covers all the important aspects.
A good example is having a part time cover that includes the public liability clause.
You should also know if the cheaper deal covers the loss of rental income in the event of your property being damaged.
You may consider a cheap family holiday home cover that is cheaper but there are few things to consider when looking at the policy.
Taking a combined insurance policy which means that you will take a policy that provides coverage for both contents aside from the building itself.
However, to make the policy cheaper, you should take both covers from the same provider.
In general cases, when you take mortgage to cover the purchase of a holiday home then the insurance is a necessity.
This makes sure that if anything happened to the shell of the building, you have insurance to rebuild.
The holiday home insurance should also cover the expenses for clearing the rubble and not just the rebuilding.
The contents insurance is not compulsory, it is purely your choice but it comes highly recommended.
This is because the contents in your property could be of great value and in case of any damage, you may incur a loss which would take you a long time to recover from.
The events that are covered even for inexpensive holiday house insurance should include fire, theft, water damage, storm, lightning, explosion, vandalism and earthquake.
There is no point in taking any insurance cover if all the above are not in the small print.
You should make sure the low premium rate do not blind you and go through the policy cover wordings.
If you plan to rent out your holiday home, you should make arrangement for public liability to be included in the insurance coverage.