Property investors 'should look for best insurance policy'
People who have purchased property in an emerging market have been advised to look for the best-value insurance deal.
Currency specialist HiFX stated that many cover providers were including more in their policies because a greater number of people were expressing interest in foreign property.
The organisation said that shopping around for an insurance policy would be particularly beneficial for those who had invested in Morocco, as well as Bulgaria, Romania and Croatia.
Mark Bodega, director of HiFX, commented: "Many insurance brokers have responded to this increasing demand for a place in the sun by widening their insurance protection."
However, he urged people to avoid disclosing important information in an attempt to get a cheaper insurance premium, such as the fact that a property is being used as a holiday home.
This comes after financial services company Baydonhill stated that emerging markets in eastern Europe were likely to "serve investors well" over the coming year.
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