Many homeowners in and around Sun Prairie and Madison just assume that their policy will cover unoccupied or vacant homes in the same way that it covers a personal residence. At the same time, insurance companies view homes without full-time residents very differently than they view a primary residence. If you plan to leave a home without residents for an extended period of time, it’s best to understand your insurance company’s perspective before you have to make a claim.
Understanding Insurance for Vacant, Seasonal, or Unoccupied Homes
Insurance companies and even courts have different definitions for the various ways that homes may be left without residents:
- Vacant homes: Insurers consider a home vacant if most furniture and other belongings have been packed up and moved away. If nobody else moves into the home within 30 to 60 days, insurers might reduce the number of covered hazards or even deny any claims. Once an insurance company discovers a home has been left vacant, they may entirely cancel the policy.
- Unoccupied: Even if you plan to return home and leave belongings behind, but you leave a residence unoccupied for longer then 30 to 60 days and do need to make a claim, you may find that your insurance company will refuse to pay your claims because you have violated the terms of your policy.
- Seasonal homes: Lots of folks in the Sun Prairie area have lake houses or country cabins that they use for vacations. If you have a vacation home, the policy on your primary residence may or may not cover it. Check with your insurer to see if your primary policy will cover your second residence or if you need to purchase another policy.
You can still leave town for a week or two at a time for business or vacation and rely upon your homeowner’s insurance policy. If you need to take an extended trip and return home to find out that vandals started a fire that damaged your home, you may find that your insurance company will deny your claim.
For instance, typical homeowners insurance cover fires, but they generally don’t cover damage from vandals if you leave your home vacant for an extended period. If you plan to leave home without residents for longer than a few days to a few weeks, you need to plan ahead by learning how to acquire the right coverage.
Learn More About Insurance for Your Unoccupied Home Today
You should find out exactly how your insurance will cover your seasonal, unoccupied, or vacant home long before you ever need to make a claim on your homeowner’s insurance policy. Leaving these situations to chance can cause a financial disaster. Since policies and situations can vary quite a bit, you may need professional help to figure out how to handle your own circumstances.
You can speak with an agent at Brian Liddicoat Insurance to learn how well you’ve covered your unique situation and to shop for the coverage that you need to protect your property and peace of mind.