It is common these days to own homes void of household goods. Moving for temporary employment for a year or two, extensive travel, or holding onto property for future family members to occupy. Whatever the reason, many homeowners make the mistake of continuing their full homeowner's insurance policy when money can be saved converting to a vacant homeowner’s insurance policy. At that point, you may need vacant home insurance to cover your liability risks.
The vacant home and property insurance policies that we independently research and write throughout VA, MD, DC can cut your insurance expense in half. These vacant property policies protect homeowners from a wide range of risks that include (but is not limited to) theft, vandalism, fire, insect infestation, frozen or broken pipes, and many other risks. There are some companies that may offer insurance for vacant homes as a supplement to an existing homeowner’s policy. However, there are also some companies that are hesitant to provide coverage to vacant homes due to the many different risks they face, so you may need to shop around for specialty coverage.
It is best to customize and plan a vacant home insurance with an independent agent in Alexandria, VA because this is a kind of insurance that is hard to find. It is available for houses that will be unoccupied for an extended period of time. Aside from vacant homes under renovation, it can also cover houses that will be vacant for a minimum of 3 months and up to 36 months, unoccupied homes on the market, or even homes in foreclosure.
To find out more about vacant home insurance policies, contact TriState Business Insurance.