Unoccupied Property Insurance: Protect Your Home When You're Away

December 15, 2022 Post a Comment

Unoccupied House Insurance Leading Irish Insurer OBF Insurance from www.obf.ie

Why Unoccupied Property Insurance is Important

When you own a property that sits unoccupied for any length of time, you could be leaving it open to a variety of risks. These risks could include theft, vandalism, fire, flooding, or even squatters. Unoccupied property insurance is designed to protect your home and your assets when you're not there to do it yourself.

What is Unoccupied Property Insurance?

Unoccupied property insurance is a type of insurance policy that is specifically designed to protect properties that are not currently occupied. This could include a wide range of properties, such as vacation homes, rental properties, or even your primary residence if you're away for an extended period of time.

What Does Unoccupied Property Insurance Cover?

The coverage provided by unoccupied property insurance can vary depending on the policy you choose. However, most policies will cover damage from fire, flooding, vandalism, and theft. Some policies may also cover damage caused by natural disasters, such as hurricanes or earthquakes.

How Much Does Unoccupied Property Insurance Cost?

The cost of unoccupied property insurance will depend on several factors, including the value of your property, how long it will be unoccupied, and the level of coverage you need. On average, you can expect to pay around 50% more for unoccupied property insurance compared to a standard homeowner's insurance policy.

How to Choose the Right Unoccupied Property Insurance Policy

When choosing an unoccupied property insurance policy, there are several factors to consider. These include the level of coverage you need, the length of time your property will be unoccupied, and the cost of the policy. It's important to shop around and compare policies from different providers to find the best coverage at the most affordable price.

Tips for Securing Your Unoccupied Property

In addition to purchasing unoccupied property insurance, there are several steps you can take to secure your property while you're away. These include installing a security system, hiring a property management company to check on your property regularly, and making sure all doors and windows are locked and secure.

What to Do if You Need to Make a Claim

If you need to make a claim on your unoccupied property insurance policy, it's important to follow the proper procedures. This may include providing evidence of the damage or loss, contacting your insurance provider as soon as possible, and working with their claims department to resolve the issue.

Conclusion

Unoccupied property insurance is a valuable investment for anyone who owns a property that will be vacant for any length of time. By choosing the right policy and taking steps to secure your property, you can protect your home and your assets from a wide range of risks.