Home Insurance Coverage Options for a Vacant Home

Home Insurance Coverage

If you’re looking for vacant home insurance in Oklahoma or Texas, contact All American Insurance to see what your options can be. 

A home can become vacant due to a variety of circumstances, whether it be due to a foreclosure, or because the homeowner has already moved into a new home without selling the original property. Regardless of the reason for the vacancy, the fact remains that any property in this situation runs the risk of damage from a variety of sources.

This type of homeowner insurance could cover a variety of different issues that may occur to a vacant home:

  • Robbery
  • Trespassing
  • Insect Problems
  • Flooding
  • Other pipe damage

Of course, in order for a home to qualify as vacant, there are certain stipulations. A home must be vacant for a minimum of 3 months and to a maximum of 36. Otherwise, only homes that are either on the market, going through the process of foreclosure, or currently under renovation can qualify as being vacant for the purposes of insurance coverage.

Unlike other policies, vacant home insurance tends to be more expensive, since there is a greater risk attached to the property. If cost is truly an issue, then a home security system might be worth investing in. Aside from directly addressing safety concerns, a home security system can also help lower the cost of a vacant home policy.

Given the value provided by vacant home policies, they’re a smart choice for any property owner that knows they’ll be leaving a property unattended for an extended period of time.