Insuring a Listed House When It’s Vacant

If your listed house is still on the market after you move, your homeowner’s policy might not cover damage to it. Most homeowner’s policies do not cover vacant houses because some types of problems, such as water damage and vandalism, are more like to occur in a vacant house than in an occupied house. Also, with nobody around to notice and report damage, it might worsen before anyone knows it has occurred. You can purchase listed house insurance to cover a vacant house.

You can purchase listed house insurance

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in the form of a vacancy permit granted by the carrier of your homeowner’s policy. If your insurance company offers a vacancy permit, usually you are required to request it no more than thirty days after you vacate the house, and the term will be no more than three months.

You can purchase listed house insurance in the form of a separate policy issued by a major insurance company or by a company that specializes in insuring items such as motorcycles and boats. A listed house insurance policy is much more expensive than a homeowner’s insurance policy. However, some insurers might lower your premium if you have an alarm system, smoke detectors and deadbolt locks.