Vacant Home Insurance – What’s the Difference?

November 4, 2014

Chances are your home, whether it’s occupied or not, is a major financial asset for you.

Vacant home insuranceWhich is why it’s crucial to protect it with the right type of coverage at all times.

There may be several reasons why your home is unoccupied:

  • You’re away on an extended vacation
  • Your home is up for sale
  • Your home is undergoing a renovation
  • Or your home is for vacations and is only occupied periodically

Whatever the case may be, it’s essential to protect it with a vacant home insurance policy.

Vacant Home Insurance vs. Regular Home Insurance

Vacant home insurance typically provides the same types of coverage as a regular home insurance policy, such as:

  • Property or Dwelling Coverage
  • Personal Liability Coverage
  • Medical Coverage
  • Personal Property Coverage

But the major difference between regular home insurance and vacant home insurance is price.

Vacant homes are generally more expensive to insure because some risks, like break-ins, are higher when a home is not occupied. The greater the risk, the higher the premium.

But that’s no reason to skimp.

If you have a vacant home, you must protect it with a vacant home insurance policy. Why? Because many insurance companies will not honor claims for a vacant home if it’s covered under a regular home insurance policy.

If you have a home in Louisiana that’s vacant or will become vacant in the near future, contact Guffey Insurance at 225-291-4544 or request a free quote. We’re here to help.