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Wednesday, 30 July 2008 00:00 |
Some British investors who have second homes abroad are leaving their belongings in their property and forgetting to insure their goods.
That is according to the high net worth insurer, Zurich Private Clients, whose research has revealed that the average property owner is leaving £15,200 worth of contents in their second homes.
Despite this high figure, a large number of investors (as many as one in ten) do not have home contents insurance, but the trend for buying property abroad in places such as Spain, is not abating.
Currently Spain is the most popular destination for holiday homes with Zurich's research revealing that 26 per cent of people are looking to purchase a holiday home there.
Nick Brabham, head of Zurich Private Clients, has warned that whilst the trend for buying property abroad continues, it is important not to forget to get insurance.
Mr Brabham explained: "There has been a steady rise in the number of customers with second homes, either in the UK or abroad. While we're using them, we often let our guard down as we relax and unwind, but we need to ensure that we don't compromise on security or cover."
Zurich's research has shown that 18 per cent of holiday homeowners are looking to purchase another property, nearly half of whom are planning to buy in 2008. |
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