What is Considered a Vacant Dwelling?The terms vacant and unoccupied are closely related but slightly different. In order to know how to insure your property, you need to know how to define it.
- Unoccupied: No one resides in the home but there is still furniture and other personal property in the house.
- Vacant: No one lives in the home and there is no personal property inside.
- Seasonal: A home that an insured uses one or two seasons out of the year.
- Secondary: A property an insured can use all year but is used less than their primary residence.
Purchasing a Policy for an Unoccupied HomeFinding insurance for an unoccupied home might require some shopping around. Not all insurance companies will write this type of property coverage. In some cases you can add an endorsement but in most situations a whole new policy will be required. These policies also tend to be fairly expensive, about 50% more than an average homeowners policy. However, it is still better to pay a little more for the right kind of insurance, which comes with the peace of mind that the insurance company will pay when or if you have a claim. For more information or to receive a free quote, call Barrick Insurance (717) 632-7270!