Owning a home that sits empty for a long period can expose you to unique risks that typical homeowners insurance may not cover. Whether you’re selling your property, renovating, or between tenants, leaving a home vacant creates vulnerabilities that can lead to costly damage or loss. That’s where vacant home insurance steps in, a specialized coverage protects your investment when no one is living inside.
Vacant home insurance is a distinct coverage created for properties left empty without occupants or furniture for a significant length of time, usually 30 days or more, depending on the insurer. Unlike a standard homeowners policy, which often includes a vacancy clause limiting or excluding coverage when a property is unoccupied beyond a certain period, vacant home insurance fills that protection gap.
It’s important to distinguish between a vacant home and an unoccupied home. An unoccupied home might still contain furniture and utilities and be intended for seasonal or temporary absence. A vacant home is typically devoid of furniture and left empty without anyone living there for months. Because vacant homes are more susceptible to risks, insurance providers treat them differently.
When a home is empty, it faces an increased risk of loss or damage for several reasons:
Vandalism or Theft: Empty homes are easier targets for vandals or burglars since there’s no daily presence to discourage break-ins.
Weather Damage: Storm damage such as wind, hail, or fire can escalate when no one is present to address leaks, broken windows, or other issues promptly.
Neglected Maintenance: Problems like burst pipes or water damage can lead to serious structural harm if undetected for days or weeks.
Liability Exposure: If someone is injured on your vacant property, vacant home insurance with liability protection can help shield your assets.
Standard homeowners policies typically won’t provide adequate coverage for these risks once a home stays vacant beyond 30 to 60 days. Having a separate vacant home insurance policy ensures you maintain crucial protection during vacancies.
Coverage varies by insurer but generally includes:
Some insurers offer flexible terms from a few months to a year, allowing you to secure coverage only for the vacancy period. Policies may be endorsements added to your existing homeowners insurance or stand-alone contracts replacing standard policies during vacancy.
Vacant home insurance is ideal for:
If you anticipate your home will be empty for more than 30 days, consulting with an agent can clarify if your current policy covers the vacancy or if you need a specialized vacant home insurance policy.
Vacant homes face heightened risks that could leave you financially exposed without the right coverage. At Scavone Insurance Agency Center LLC, we specialize in guiding homeowners through managing their insurance needs, including vacant home insurance tailored to protect your property during extended vacancies.
Don’t leave your investment unprotected. Reach out today for a customized policy review. Our experienced agents will help you understand your options, find the best coverage for your unique situation, and ensure peace of mind while your home awaits its next chapter.
Most insurers consider homes vacant after being unoccupied and empty for 30 to 60 days. Always check your current policy’s vacancy clause to avoid coverage gaps.
Usually, no. Standard policies often exclude or limit coverage for vacant homes. Obtaining vacant home insurance or an endorsement is necessary for comprehensive protection.
Vacant home insurance can include liability coverage to protect you if someone is hurt during the vacancy.
Yes. Many policies offer prorated cancellation refunds if occupancy resumes before policy term ends.
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