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Is the premium dearer if house is vacant?

Updated: 8/20/2019
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10y ago

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You will need a different type of policy for a vacant home and yes the price is higher but it has come down a lot in the past few years because there is more need for vacant dwelling coverage and therefore more competition in the market. A normal homeowner's policy states in the policy that coverage is void after it has been vacant for 90 days. This means that even though you have paid the insurance for even years that there is no coverage 90 days after you move out of the house. This shows the importance of having an insurance agent you can trust and telling them if anything changes that could effect your insurance needs.

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Q: Is the premium dearer if house is vacant?
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