Online Unoccupied Property Insurance Quotes
Landlords and home owners that have an unoccupied property should ensure that this vacant building has sufficient insurance cover in place for risks such as fire, vandalism, storm damage etc. Most standard house insurance policies will provide cover for homes that are unoccupied for up to 30 days. However usually there will be no cover in force after the 30 day unoccupancy period or the cover is severely restricted. Luckily, there are many insurers and underwriters that have started to provide unoccupied property insurance cover including the option of comprehensive policies.
Check with your current home insurance provider as to what their terms and conditions are if the property is unoccupied for a certain period of time.
Check with your current home insurance provider as to what their terms and conditions are if the property is unoccupied for a certain period of time.
Unoccupied Home Insurance
There are many instances when you may require the use of an empty house insurance policy. The most common reasons are listed below as to why landlords and homeowners may need to seek out an unoccupied property insurance provider:
- Property on the market to be sold
- Property under probate
- Newly purchased home and needs renovation or structural work before you can move in.
- Property is to be let out and you are currently looking for prospective tenants.
- You are moving out due to work commitments. Typical example include you have a project abroad for six months or even longer.
Empty house insurance quote
What does an unoccupied home insurance policy cover?
It all depends on the insurer as each unoccupied property insurance policy is different from one provider to the next. However, generally they all provide a minimum level of cover called the FLEEA cover which is an acronym for Fire, Lightning, Earthquake, Explosion and Aircraft.
Some unoccupied property insurance providers also provide property owners liability cover as standard with their FLEEA policy.
Ther are many providers that can also provide a more comrehensive cover in addition to the FLEEA. Some insurers will offer full unoccupied buildings insurance cover subject to their acceptance criteria's. A full cover will include things such as vandalism, theft, escape of water, subsidence etc. Essentially the cover is similar to that of a standard home buildings insurance.
Some unoccupied property insurance providers also provide property owners liability cover as standard with their FLEEA policy.
Ther are many providers that can also provide a more comrehensive cover in addition to the FLEEA. Some insurers will offer full unoccupied buildings insurance cover subject to their acceptance criteria's. A full cover will include things such as vandalism, theft, escape of water, subsidence etc. Essentially the cover is similar to that of a standard home buildings insurance.
