As a homeowner, if you plan to leave your home for more than 30 days, need to contact your insurance agent. The home vacancy could be result of a job relocation, and vacation, etc. Your insurance agent can advise you what additional coverages you may need, and which endorsement(s) should be added to give proper protection during the period of time the home is vacant. Many times, insurance providers will ask a couple questions to determine what coverages you may need in order provide proper protection: will there be anybody living in your residence, and how much personal property being left at the property. For chance, if the owner decides not insure for vacancy, then they may be liable for such things as: water damage, vandalism and mischief, squatting, and theft, etc. A vacancy endorsement extents coverage beyond the number of days your main insurance policy would provide coverage. Normally, most homeowner’s insurance policy will cover vacancy up to 30 or 60 days, but you need to verify that with your insurance agent. It is possible that your home insurer may deem it too risky to give you an endorsement to current policy. In that case, the homeowner will need purchase a supplemental insurance policy to supplement the current homeowner’s policy. A supplemental insurance policy cost will be based on the following factors: location of property, how much coverage you desire, and the home’s rick factors. In conclusion, it is important the owner have protection even when they are not living there in order to safeguard the property at all times.
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