Good risk management is vital.
Listed buildings are particularly susceptible to fire and theft, but steps can be taken to reduce these risks. Since faulty electrical wiring and appliances cause most fires, an inspection by a suitably qualified registered electrician on a five yearly basis is recommended.
Security measures should be taken to dissuade forced entry, which often leads to arson. However, all loss control provisions must be carefully designed so as not to compromise or damage the historic fabric or integrity of the building.
Holiday Home Security Fears
Security against burglary is the number one concern for overseas home owners according to Hiscox – followed by issues with local bureaucracy and damage caused by rental clients. While Hiscox agrees that nearly 25% of claims on overseas property relate to burglary, it also highlights the importance of liability cover against a guest having an accident at the property - which could involve expensive litigation and compensation.
While Spain remains the most popular destination, many Britons are looking as far afield as Dubai and Egypt. Wherever you choose your holiday home, you need to know your investment is properly protected: local insurance policies may carry exclusions on burglary from vacant property or accidental damage, or inadequate personal liability levels; and claims support teams may not always be fluent in English.
La Playa provides full cover for overseas property – on your existing home policy if you prefer. Without the worries of small-print and language barriers, you can relax and enjoy the sunset with a G&T!
Charles McDowell, Owner/Founder, Charles McDowell Properties
Specialist & Independent
La Playa Private Client creates a safe space for you to live life to the full, enjoying your family, friends, and assets wherever you are in the world - without worry or hassle.
We can make sense of all your insurance needs - property, yachts and superyachts, high-performance and classic cars, private jets, art, wine and jewellery collections – and your liabilities too. We can pull multiple assets together on a single “portfolio” policy – or if you prefer, take care of each item separately.
Amid the impersonal and automated world of large insurance corporations, La Playa provides a refreshingly boutique-style service, with individual advice, and cover based on in-depth understanding of your specific situation. After a detailed and confidential review of your needs and priorities, we’ll structure your insurance arrangements so you know you and your family are protected, come what may.
In-house Wealth Management
We also offer Investments & Pensions and Financial Planning: a joined up approach with a team of advisers working for your best financial interests - all under one roof.
Advice you can trust
…from an expert who understands you