It is estimated that over €100 million was invested in overseas residential properties by Irish nationals last year. A second home in the sun is becoming more commonplace with the comparative lower cost of property in foreign markets and schemes allowing Irish residents to buy from plans or snap up that Casa on the Costa del Sol.
Buying property abroad is not without risk. Purchasing insurance from local vendors also has its risks. Insurance policies obtained abroad may not be as stringently regulated as those purchased in Ireland. It may be unclear as to what exactly is covered by a foreign policy and whether your rights are upheld by law and by the insurance industry.
Our team has experience in creating and negotiating insurance policies for overseas investors, for both residential and commercial property. We are working hard to make this service available online. In the meantime, to arrange overseas property insurance please call us at 01-293 2300 or request callback. We would be happy to advise and help you get the best policy.