As defined by the courts, a home is considered "vacant" if it does not contain enough furniture for a resident to reasonably live there. So if a home has no kitchen appliances, table and chairs, at least one bed to sleep on, nor somewhere to sit on such as living room chairs, chances are the homeowner’s insurance provider could try to apply vacancy exclusions to the loss. In response, the homeowner may have to spend a lot of cash for attorney fees just to contest the provider’s decision. In order to prevent this kind of scenario, it is best to just purchase a vacant home insurance policy from TriState.
Planning a vacant home insurance with an independent agent like us in Chevy Chase, MD (and across MD, VA, and DC) is supremely wise as together, we will address the myriad of risks that very well may not be covered by your existing policy. Aside from reducing the risks of an unoccupied home such as theft and vandalism, you will also be able to prevent the insurance penalties nor having your policy being canceled or non-renewed. This is by far the best and least expensive strategy for dealing with homeowner’s policy vacancy exclusions and restrictions. You will need to consult an agent so that you will know the limits of your existing policy and what else can you add to ensure you achieve a comprehensive coverage for your vacant home.
To find out more about vacant home and property insurance policies, contact TriState Business Insurance.