Vacant home Insurance/Unoccupied home insurance

unoccupied home insurance, vacant house insurance, property insuranceWhen you’ve left one of your investment properties unoccupied, it’s imperative that you ensure the property has sufficient insurance coverage. Vacant homes are generally targeted more than other homes, so they carry more risk, which makes finding proper coverage more difficult than simply searching for the right homeowner’s policy. If you know you will have vacant properties in your possession, you should take the time to consider all your unoccupied home insurance options. Here are some things you should keep in mind when searching for this type of insurance.

vacant home insurance, unoccupied home insuranceInexperienced 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.