Vacant Home Insurance
Vacant Home Insurance Information
Homes that are vacant are considered "high risk" homes and thus need very special attention for insurance. When a home is vacant (defined as unoccupied for more than 30-60 days depending on the insurance carrier) several significant coverages disappear under a homeowners policy. These coverage eliminations include coverage for glass breakage, pipes freezing, and vandalism. Glass breakage and vandalism are certainly a concern, but the largest potential for loss is pipe freezing. Water damage claims due to pipe freezing are rarely small. This type of claim routinely totals more than $50,000. It is important to note that carriers do not consider a cabin or vacation home to be vacant. There are solutions to these issues, and a PCG agent can help review the best options for you.