Second home buyers forget insurance

When it comes to purchasing a second home abroad, the thing buyers forget the most is insurance, according to new research.

"Buying a property overseas is a wonderful venture, but is also a process with a lot to remember," warns Chris White, founder of estate agency Ideal Homes Portugal. "Dealing with a foreign country's paperwork can seem daunting and there are exchange rates and language barriers to throw into the mix as well. It's an exciting process, but our experience has shown that buyers often forget things that they would undertake as standard in the UK. Purchasing insurance is top of that list."

Now, the company has announced a new partnership with Abbeygate Insurance, designed to ensure that buyers have easy access to a respected local insurance company.

Peter Sheppard, Director of Abbeygate, comments: "We are delighted to be working with Ideal Homes Portugal in order that their clients can benefit from our fantastic insurance services and competitive rates. Abbeygate provides peace of mind to those purchasing property in Portugal and we specialise in helping customers from overseas. We have English speaking staff and a newly opened office in Boliqueime in the Algarve."

To celebrate the partnership, Abbeygate is offering free insurance for one year to the next 10 Ideal Homes Portugal customers.