Insurance Protection

How Vacancy Can Affect Your Homeowners Policy

Did you know that a vacant or unoccupied home can result in limitations and reductions in your homeowner’s insurance? Possible scenarios such as being in the process of transitioning from one home to another or moving an older family member to a nursing facility could have an impact on coverage if the insurance company deems a home was vacant or unoccupied at the time of a loss.

Most insurance companies specifically define vacant and unoccupied, but, generally, vacancy is when there are no personal items or furniture within the dwelling while an unoccupied home has furniture present, but personal items such as clothing have been removed. Both vacant and unoccupied homes are more susceptible to falling victim to vandalism, theft, and destruction.

In many cases, coverage for losses is suspended if a home is vacant or unoccupied. For example, if vandals were to cause a fire, it would not be covered. Another example is damages that accompany the changing of the seasons. As it gets colder, water pipes within the home can easily freeze and burst wreaking havoc on vacant and unoccupied homes. The insurance company would then investigate to determine whether or not heat was maintained within the dwelling, and if it is discovered that the home was vacant, the loss may not be covered.

If your home is vacant or unoccupied, it is critical to contact your insurance agent to discuss the specific limitations your policy may have. You can also discuss what other options are available to ensure your home and finances are protected during this time.


Insurance products offered through Univest Insurance, Inc. are obligations of the issuing insurance companies, not obligations or deposits of or guaranteed by any bank and are not insured by the FDIC or any other agency of the United States.



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