If your home is left unoccupied for weeks or months at a time, your standard homeowners insurance policy might not provide coverage in the event of a claim. Any damages or losses that occur would have to be paid out of pocket unless you have vacant property insurance.
Unoccupied and vacant homes present a greater insurance risk than an occupied home. Damage resulting from fire, water and other causes goes undetected for a longer period, and there is an increased risk of a break-in occurring. Because of this increased risk, insurance companies do not provide coverage for vacant properties on a standard homeowners insurance policy. If you own a vacant house, you should purchase vacant property insurance to properly protect yourself and your home.
While terms can vary by insurance company, generally speaking if your home is left unattended for 30 days or more, you will want to purchase vacant property insurance. Before leaving your home vacant for an extended period of time, you should contact us to discuss how your insurance carrier defines vacancy. Below are some scenarios where a homeowner might find the need for vacant property insurance.
- You own a vacant home that you only visit a few times per year.
- You’ve purchased a home, but won’t be moving in for several weeks.
- You’ve purchased and moved into your new home, but your old home will be vacant for a lengthy period before it sells and/or the sale closes.
- You’re constantly traveling for weeks at a time.
- You’re remodeling your home and won’t be living there during renovations.
- You rent out your property but are in between tenants.
Whatever the reason you need vacant property insurance, Atchue Insurance is here to help! If you have any questions or concerns about whether or not your home should have vacant property insurance, please give us a call at 508-755-5200 or visit us online at https://atchue.com/ and one of our experienced representatives will be happy to help you!