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Vacation home insurance is a specifically designed home insurance policy for homes that are non-occupied or are considered vacant. <\/b><\/p>
Also called unoccupied home insurance or vacant property insurance, this type of insurance can protect homeowners from financial loss due to unexpected damage that occurs while their property is vacant.<\/b><\/p>\n
A vacant house is something that is empty and has not been used for a long time, not that it is abandoned or that it will be destroyed. <\/b><\/p>
All it means is that no one resides in the home and does not have any personal belongings. <\/b><\/p>
A house can be vacant for several reasons such as, it is for sale and the sellers have relocated already, this could be a holiday home that is only used for a few months in a year or a house that is being renovated.<\/b><\/p>\n
Standard homeowner\u2019s insurance does not cover many claims on vacant properties, as they often have vacancy clauses. <\/b><\/p>
These clauses restrict or exclude coverage for vacant properties for a certain period which is generally 30 or 60 days. <\/b><\/p>
The reason behind such restriction is that vacant properties are more prone to vandalism, robbery, and other damage. <\/b><\/p>
Since there is no one to maintain the house, it is also prone to other risks like water or fire damage. <\/b><\/p>
Due to this, the insurance companies prefer not to take the risk (and additional costs) by allowing coverage under a standard homeowner\u2019s insurance policy.<\/b><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t