How to Insure Your Vacant Home

How to Insure Your Vacant Home

Need to know how you can insure your vacant home to avoid having to pay out-of-pocket should anything happen? Read on.

While the housing market is getting stronger, it is still a sagging market. Homes often go unsold for months without an end in sight, and many sellers often have no choice but to move and leave their properties vacant for some time. Owners may be surprised to learn that an insurance provider could revoke their homeowners insurance coverage because of the emptiness. Empty homes are riskier to insure because no one is there to stop even the most basic of issues which could snowball into something catastrophic. Vacant homes also represent many liability issues; if kids climb over your fence and hurt themselves, or have a party in your vacant house, it’s going to be your fault.

Insure Your Vacant Home

What are my insurance options? If the house is vacant, many types of homeowners insurance policies will no longer cover certain types of damage. The period is usually 30-60 days in which insurance companies will consider a home to be vacant and will not cover things like vandalism, broken windows, and other such things. Look for a company that offers vacant-home insurance to be protected against the perils that face a vacant home.

Silence is NOT Golden. Not telling your insurance company could be disastrous as your home may not be covered; most companies have exclusions for abandoned or neglected residences. If a homeowner is not living in the home and files a claim for damages, the insurance company might exclude them or may even constitute the claim as insurance fraud.

Having the right home insurance coverage is important for when you have to leave your home for an extended period of time. For policies across the globe, contact the independent insurance professionals at Lloyd S. Berkett Insurance Agency in Los Angeles for all of your homeowners insurance needs.

Lloyd Berkett Insurance

11150 W. Olympic Blvd.
Suite 610
Los Angeles, CA 90064

(310) 857-5757
(800) BERKETT | 237-5388
Fax: (310) 857-5750

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The Lloyd S. Berkett Insurance Agency, Inc. was founded in 1946 by Lloyd S. Berkett. Regarded as one of Southern California’s most successful, well-respected and innovative independent insurance agencies, ... Read More

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