Vacant home insurance 101: If your home is sitting empty for an extended period, you may need vacant home insurance to protect it. Many homeowners don’t realize that standard policies may not fully cover vacant properties. Here’s what you need to know to keep your property safe.
1. What is Vacant Home Insurance?
Vacant home insurance provides coverage for properties that are unoccupied for 30 days or more. Standard homeowners insurance may reduce or deny claims if a home is left vacant for too long.
2. When Do You Need Vacant Home Insurance?
Consider vacant home coverage if:
✔️ You’ve moved out but haven’t sold your home yet.
✔️ Your property is undergoing renovations and unoccupied.
✔️ You’re renting the home but don’t have tenants yet.
✔️ You own a seasonal home that sits empty for months.
3. What Does Vacant Home Insurance Cover?
- Fire and smoke damage
- Weather-related damage (wind, hail, lightning)
- Vandalism and theft
- Liability coverage (if someone is injured on the property)
However, some policies exclude water damage, mold, or gradual wear and tear, so always review coverage details.
4. How Much Does Vacant Home Insurance Cost?
Premiums vary based on location, property value, and risk factors. Since vacant homes pose a higher risk of break-ins and damage, insurance tends to cost 10%–50% more than standard homeowners policies.
For more details on coverage options, check out this vacant home insurance guide.
5. Tips to Lower Your Vacant Home Insurance Costs
🏡 Install security cameras and alarms.
🚪 Secure all doors, windows, and entry points.
🔄 Arrange for regular property inspections.
💡 Keep lights on timers to give the appearance of occupancy.
Conclusion
If your home is vacant, make sure it’s properly insured. Without the right coverage, you may face financial risks if damage occurs.Need help finding the right vacant home insurance? Contact New Frontier Insurance today.
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