Vacant Home Insurance and Unoccupied Home Insurance are Not Synonymous
Inexperienced homeowners and property investors will often look for an insurance policy that covers their structure and land. When an investor obtains a blanket policy, he might believe the coverage encompasses the items within the building, as well as the contents. Homeowners and investors may also search for unoccupied home insurance and/or vacant home insurance
, which are not considered to be the same coverage when claims are submitted. Understanding the differences between the unoccupied home and vacant home insurance definition, policies and coverage is imperative to protecting assets.