Published at Wednesday, April 04th, 2018 - 19:49:06 PM. Unoccupied Home Insurance. By Durand.
Have you been wondering whether or not your property is insured if you are away? The truth of the matter is that most companies will actually drop their coverage if you do not occupy the property for over 30 days. This is to reduce the risk the bear for covering vacant properties. You will need special coverage called vacant house insurance if you are going to be away from your home or property for too long. Vacant home insurance gives your property protection from any vandals or thieves that might break in. This can give you peace in mind to know that you do not have to worry about something going wrong while you are away. Finding the right vacant coverage is very important to ensure that you get the protection that you need in your home.
What are some of the basic differences between the insurance you had while living in the home and what a typical home insurer will offer you on a vacant dwelling? A dwelling policy does not offer "all risk" coverage on the home. There are hundreds of causes of loss. We have seen everything from a woodpecker burrowing a hole into the side of a home so large, it cost $5,000 to fix, to a small airplane flying into the side of a house causing $250,000 of damage. There are hundreds of examples and potential causes of loss in between these two examples. A dwelling policy offers a short list of covered items. For example, fire, windstorm, smoke, etc. (perhaps 9 covered items, in total) If the cause of your loss is not on the short list, it's simply not covered under a typical dwelling policy. We can find clients the same coverage terms that they had while living in the home, and not reduced dwelling policy terms, if the home becomes vacant or unoccupied.
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