What happens if you need to insure an unoccupied house? It may
surprise you to find out that your homeowners insurance is not valid
once nobody has lived in your house for 30-60 days. Of course, you can
pretend that someone is living there, but don't expect the insurance
company to help you out if something happens to your house. They will
only protect you if you have unoccupied house insurance. But be prepared
for sticker shock. In this author's personal case, the insurance
company offered a normal homeowners policy for $400 and a vacant house
insurance policy for $2,000. You can get vacant house insurance policies
from most home insurers as well as those who specialize in insuring
vacant homes. Just keep in mind that although a company may specialize
in insuring a house under these circumstances, it does not mean that it
will be cheap. How can you save some money on vacant home insurance? You
can lower the risk to your insurer by installing security systems,
making sure that your doors and windows are tightly sealed, and making
your house look occupied (for example, you can ask your neighbor to park
their car in your driveway).
Rather than settling for the very
expensive unoccupied house insurance, if your house is to be vacant for a period of time, you can get a caretaker thru Homes In Transition to occupy and stage the home. This way, you
get the normal homeowners insurance rates and sell your home faster.
www.HomesInTransition.com
Article Source: http://EzineArticles.com/2596421
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