Insurance for Unoccupied Homes

Homes become unoccupied for a lot of reasons. Unoccupied Home Insurance can be difficult to obtain. Sometimes there is a minor fire, but the smoke damage prevents you from having anyone live in the property, or maybe this is a brand new building that is under construction.

In many cases someone who is being transferred to another city or country for a temporary period may decide to leave their home vacant or try to sell their home while they work elsewhere.

Your existing insurance company MAY OR MAY NOT be willing to continue to provide home insurance. Many of the mainstream home insurance companies will not provide home insurance for a home that is left vacant or even rented to a tenant. Before you make any decisions regarding your home, check with your insurance company first to confirm they will continue to provide insurance cover.

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Either way you need to have your building insured for liability and also damaged from some of the basic perils that may occur. You should also appreciate that limited cover is available for your building so you should take this into account if you are doing any financial planning.

Mortgage companies for instance require a minimum level of insurance associated with any mortgage they may make available to you. With a bit of help you will be able to find several quotes for your unoccupied building. Customers should also confirm what kind of security or how often the property needs to be visited to maintain your insurance.

Please feel free to email us with additional items at Email: contact@GCCIhome.com We will be pleased to add your items to our list.

Checklist for Unoccupied Homes

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