Did you know that your home insurance policy may not cover your home if it is unoccupied? If you are moving and have not sold your previous home, you should ask your insurance provider about purchasing unoccupied home insurance to cover your home until it is sold to another family. Unoccupied home insurance will cover your home in case of fire, theft of vandalism. Unoccupied homes are targets for transients and teenagers. Make sure that your old home is covered so that if there is in an incident, you will not have to pay for repairs out of pocket.
Unoccupied home insurance helps protect your house when it is empty. It covers what regular home insurance does not, in the case that your house is left unoccupied for a month or more. It covers damage in the case of fire, earthquake, explosion and lightning.
I'm not sure if there's a major difference price-wise, but usually an unoccupied house is insured by unoccupied home insurance, as opposed to occupied home insurance.
Many homeowners believe that their insurance company will provide coverage for a house in which no one is living. This is true�but only to an extent. If your home is unoccupied for 30 days or more, you need unoccupied house insurance. If your insurance company discovers that no one is living in your home, your policy could be cancelled. Why? Unoccupied residences are prime targets for thieves and vandals, therefore making them high risk. Unoccupied house insurance is an attractive option for consumers who are moving, experiencing extended vacations, or have emergencies that take them away from their residence.
Many people live in two homes throughout the year, such as those who have a summer home, for example. There are a wide variety of insurance companies that will insure the second home, even when it is unoccupied.
Homeowners coverage should satisfy requirements.
One can find information on unoccupied building insurance. Click 4 Quote can give someone an estimated quote on any vacant property. Such as a vacant home or building.
One can purchase unoccupied building insurance from most companies that offer home insurance, and it will offer cover for fire or water damage as well as contents insurance if required. Moneysupermarket or Compare The Market are good comparisons sites to find a quote for this kind of insurance.
Here is a site for the US: http://www.amig.com/vacant_property.html and here is one for the UK: http://www.endsleigh.co.uk/Home/Pages/unoccupied-property-insurance.aspx
To get an insurance policy on an unoccupied property, consult your insurance broker or do some research on your own. This will give you all the different options to choose from.
Insurance coverage for unoccupied buildings is most often a separate policy. It is best to contact your insurer to confirm that you require a unoccupied building policy. Often these policies can be arranged for short(er) terms (for example: 3 month policy for a vacant home that is currently for sale).
Most insurance companies will not insure a vacant home. There are provisions depending on how ling you have been out of the home. Check your policy.
Homeowners Insurance for Vacant Homes.Yes Homeowners Insurance is automatically null and void when a home becomes vacant. You should have a "Vacant property rider" added to your Homeowners Policy to ensure continuing coverage during a period of vacancy.