Vacant & Unoccupied Home Insurance Coverage
How is Vacant Home insurance different from typical homeowners insurance?
Since no one lives there, vacant homes tend to pose more risks than occupied ones. Acts of vandalism, liability, and fire, for instance, are potentially serious issues with a vacant home. Intruders might get hurt on broken floor boards or old fencing, and file a claim or sue. Some typical homeowners policies won’t cover these types of risks on a vacant property, but vacant home insurance is an option for you.
How much does Vacant Home insurance cost?
Some insurance companies also offer a variety of discounts that could help you save money when you insure your vacant home with us. Check with a agent to see which discounts are available in your state.
What coverage is offered on a Vacant Home policy?
Named Peril Coverage
We cover “perils” (things like fire, explosion, lightning, wind and hail) that are specifically named in your policy, subject to exclusions and conditions.
Vandalism & Malicious Mischief Coverage
Full 12 Month Policy
We offer flexible payment plans and a pro-rated cancellation, subject to minimum earned premium. This comes in handy in case you move back into the home, sell it, find a tenant, or need to cancel for some other reason before your year is up.
Optional Liability provides coverage if you’re found legally responsible for an accident on the vacant premises, that causes injury to someone or causes property damage.
In the event of a covered loss (a partial loss or partial damage), this covers the cost to replace or repair your damaged property, with a deduction for depreciation, which reflects the age and condition of your home, minus any applicable deductible.