Vacant and Unoccupied Homes; What is your insurance coverage?

Don’t assume your insurance company will cover damages while you are away and your home is left vacant and/or unoccupied.  Insurance requirements are changing all the time and it is prudent to check with your agency prior to departing.   Certain preventative measures must be taken to show that you have been proactive in managing your insurance risk.  Some insuring companies suggest a more casual inspection of weekly or even monthly visits by a qualified individual.  More common is the requirement for  an home check every 72 hours.  A recent client indicated that to ensure full coverage it was suggested that daily inspections be taken.    Again, check with your insurance provider for any updated requirements.

The Canadian insurance brokers group has some good information on insurance coverage for vacant and unoccupied homes.