When do I need New Orleans Vacant Home Insurance?

One of the most common reasons to get a vacant home insurance policy in New Orleans is when your home is up for sale but unfortunately many homeowners forget to tell their insurance agent

When you vacate a property and leave it unoccupied for over 60 days you risk all future claims being denied

But unoccupied is not often the same as vacant

Go on vacation for a month and your home is unoccupied and your homeowners insurance policy is still good but buy a new home and put your previous home up for sale and it doesn’t sell right away and you have a problem

Unless you purchase a Vacant Home Insurance policy 

You can buy a Vacant policy for one month at a time if you need to

The policy will include fire, wind, hail, water damage and often include theft and vandalism but not all policies include theft and vandalism

You want to check the policy coverage form and ask your Insurance broker

TYPES OF PROPERTIES THAT NEED A VACANT HOME INSURANCE POLICY

  • Homes up for sale
  • Homes in the name of an estate of
  • Rental properties between tenants and vacancy over 60 days

HOW MUCH DOES A VACANT HOME INSURANCE POLICY COST

You can purchase insurance protection for your vacant property for as low as $100 a month with or new vacant insurance program

Most insurance policies for vacant risks make you buy 3,6 or 12 month and one the 3 month policy it is fully earned which results in no refund if you sell the home before the policy is expired

HOME IN THE ESTATE OF

A very common reason for your need of a vacant policy is when the owner of the property passes away and the surviving children inherit the house and have no intention of moving in

The home is placed in the estate of the deceased and the home remains vacant until the family can decide what to do with the home

During this time you can’t keep the deceased homeowners insurance policy active because the owner of the home no longer resides in the property and the home is vacant

A homeowners insurance policy has a vacancy clause that excludes coverage after a certain time and if the homeowner is deceased the insurance company will cancel the policy or not cover any future claims

If you need a Vacant Home Insurance policy complete the form below to get started