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!
Phil B, Private Client
La Playa's Personal Risk Concierge service means advice you can trust - from an expert who understands you:
Independent and specialist
As an independent broker, we can advise on the best policies available - and on risk management measures including valuations, security, fire prevention and property marking - preserving the value of your property and giving you complete peace of mind. We have access to excellent terms with market-leading high net worth insurers.
In-house Wealth Management
We see insurance as integral to your financial planning - and our in-house financial advice team provides Wealth Management, Pensions and Financial Planning; a joined up approach with a team of advisers working for your best financial interests - all under one roof.
What does “Boutique Service” actually mean?
La Playa’s Personal Risk Concierge means:
*subject to availability with our insurer panel