How Do I Purchase Vacant Home Insurance?
Think you may need insurance for a vacant home? Here’s how to go about getting coverage.
1. Determine Whether You Need A Vacant Home Insurance Policy
The first thing you’ll want to do is find out how long your home can sit unoccupied before it’s considered vacant, then determine whether you need vacant home insurance. Remember, you’ll always want to be honest with your insurance company about the status of your property.
2. See What’s Available Through Your Current Insurance Provider
If you need vacant home insurance, start by asking your insurance provider how they handle this type of coverage. While some allow you to add coverage to an existing policy, others require a completely separate policy.
3. Shop Around And Compare Quotes
Once you talk to your current provider, don’t be afraid to shop around for the best coverage and price. When comparing companies, don’t just think about monthly costs. Consider other factors, like deductibles and coverage limits as well.
4. Apply For Your Vacant Home Insurance
Once you know which provider you’re using, gather up the documents you’ll likely need to apply for coverage. These may include a government-issued ID and proof that you own the property. You may also need to provide the estimated value of the home and estimated amount of time it may sit vacant.
