Owning a holiday home can be a very lucrative investment, especially since the benefits holiday homes have over hotels and bed and breakfasts are being discovered by more and more families and groups. But in order to ensure your holiday home can compete with the competition – and there is a great deal these days – the prospect of renovating or modifying your property can be very attractive, in order to appeal to the clientele you need.

If you are planning such improvements, however, it is important to let the provider of your holiday home insurance know, as any changes might have implications as regards your cover. Informing your insurer in good time will mean you continue to enjoy the peace of mind offered by your insurance policy – whether or not the policy needs to be changed or amended. Occasionally insurers will not cover holiday homes being updated which is why it is so important to confirm the cover you will (or will not) have before the works begin. Not confirming your policy cover and then submitting a claim, you could find you are not covered, even for minor works such as updating bathrooms and kitchens.

Renovating one’s holiday property might be costly at the outset, but in the medium to long term, it can pay real dividends in both enabling you to charge more and helping you fill the property on a more regular basis.

Features that you might need to tell your insurer about include the building of swimming pools, the installation of wood burning stoves, the addition of a conservatory or the converting of lofts to gain more living space – to name but a few. All would no doubt add to a given property’s appeal – and of course its overall value in the long term.

For advice on your policy when making property improvements visit us. If works are extensive on your UK home you may need specialist buildings renovation insurance