According to the charity Empty Homes, there are currently 700,000 empty properties across the United Kingdom, most of which are awaiting sale.
In terms of adequate buildings insurance, it is believed that many of these properties are not fully covered. This problem arises from the fact that many of those in the process of selling a property are unaware of the limitations of their normal household property policy.
In regards to most such insurance products, most providers will only consider claims if the property has not been left unoccupied for more than 30 days; if it has, any claim may well be repudiated.
In the event that a property is likely to be left unoccupied for more than 30 days, property owners who are aware that their normal policy might not be adequate, should contact their insurer to find out if the policy terms can be altered. Some elements of cover may be dropped – for example water damage or malicious damage. It might be worth considering changing insurers - to a provider that specialises in unoccupied property. Length of cover is often sold in 3, 6 and 9 month policies, although this may vary depending on the provider.