InsuranceAgents.com discusses unoccupied house insurance, and situations in which it should be purchased.
Most standard homeowners insurance policies donâ€™t cover homes that are unoccupied and will void your insurance coverage
Chicago, IL (1888PressRelease) July 15, 2009 - A vacation home, a home not yet rented, and a former home not yet sold are all situations in which unoccupied house insurance might be advisable. “Unoccupied” is generally defined as a home in which no one has lived for 30 days or more. As such, it usually doesn’t remain under the financial protection of your insurance company. So don’t assume that your regular homeowners insurance will automatically cover any damage to your unoccupied home.
The InsuranceAgents.com article, “Unoccupied House Insurance: Is Unoccupied House Insurance for You?” warns property owners not to make assumptions when it comes to homeowners insurance coverage.
“Most standard homeowners insurance policies don’t cover homes that are unoccupied and will void your insurance coverage,” according to the article. “Insurance companies do this because unoccupied homes have a greater chance of becoming vandalized and broken into. Also, if there is a flood or fire, no one is there to report the problem and the repair costs could be greater than they would be if someone were living at the residence.”
The responsible and smart step to take is to invest in unoccupied house insurance; it’s the best way to protect your home. There are several ways to get coverage for an unoccupied home.
“Get a Vacancy Permit through your current homeowners insurance company. When a vacancy occurs, this permit provides coverage to the home during the time it will be unoccupied. If your current home insurer does not provide unoccupied house insurance, you will need to shop around with other companies,” recommends the article.
It’s understandable that property owners won’t want to spend lots of money on insurance for a home where no one lives; so seek insurance quotes that will provide you with the lowest rates available for a policy that you are comfortable with.
Visit InsuranceAgents.com for more information. http://www.insuranceagents.com/homeowners-insurance/