Put simply, vacant home insurance covers a home when no one is living there for a period of time. There are many instances where this may come into play. For example, let’s say you move to Colorado for a new job but your home is for sale in California. Or, your tenant moves out and you have not yet found a new tenant to move in. In both of these examples, the home is empty and qualifies for vacant home insurance.
Vacant home insurance is usually more expensive because there is no one there to watch the property, so there are increased risks of vandalism and burglary. Vacant home insurance also tends to be more flexible because you can buy it for a short term, such as three or six months. You can also add optional coverages for things like personal property to cover items that could get stolen, such as lawn tools.
If you have a vacant home, be sure to get coverage for it. Once it is occupied, you can switch to a homeowners or landlord policy. To learn more about getting vacant home insurance, check out this article: How to Get Vacant Home Insurance.