Vacant Home Insurance
Vacant Home Insurance
The main purpose of coverage for a Vacant Dwelling Insurance or Vacant Building Insurance is to protect you against losses you cannot afford to sustain. Few people have the financial resources to rebuild their homes or buildings if they are destroyed.
In this economy there are so many Foreclosures, short sales, and walkaways, we find that a lot of people don’t understand that when their home is vacant over 30 days they need to purchase vacant home insurance instead of there current coverage. If your house is not owner-occupied or tenants occupied, the house needs to be written as a vacant home or our claim could be denied depending on the claim.
Common Property Coverages
Liability Coverage
is to protect you from financial ruin if someone is injured on your property and sues for damages.
Other Structures
is optional and it covers detached structures such as gazebos, detached garages, and detached pools.
Personal property
If the home is fully furnished you need a lot more coverage. If the home is not, you still have to consider appliances/other items that would fall under personal property.