What you need to know about unoccupied house insurance

Find out why unoccupied house insurance is much more important compared to normal house insurance.

10:54 17 January 2013

A lot of people sometimes find themselves in possession of unoccupied house. Some inherited one while others have to leave the house because of renovation.

There are also those who are still looking for tenants or those whose tenants died on the property. Owners of vacation houses that are not usually being used very often also have the same problem.

If you’re one of these people, unoccupied house insurance is a must. This is more important compared to house insurance for the house that you live in. As you know, unoccupied properties are more prone to theft, vandalism, etc. To get protection, get the insurance as soon as possible.

Getting unoccupied house insurance can be a little difficult and pricey. Insurance companies are well aware that owners of such properties are more likely to make a claim.  Thus, insurance for unoccupied houses are generally more expensive. However, there are ways on how you can make it a bit cheaper.

First, get somebody to look after your u noccupied house. These could be neighbors or someone you know who can check the house once or twice every week. Setting up security locks and alarms will also help.

When you’re ready to take out unoccupied house insurance, make sure to ask for quotes and compare. Do not make the price your sole determining factor. Get a coverage that meets your needs, demands, and your budget.