Many homeowners are unaware that standard home insurance may not provide adequate coverage during such times in or around the Oakland Park, FL area. Whether the property is awaiting sale, undergoing renovations, or temporarily unoccupied, it is essential to understand the unique insurance considerations for vacant or unoccupied homes and the need for specialized coverage.

Distinguishing Between Vacant and Unoccupied Homes

While "vacant" and "unoccupied" are often used interchangeably, they have distinct meanings in the insurance context. A vacant home is an uninhabited property without personal belongings or furniture. An unoccupied home may have furniture and personal items but has no occupants currently residing there.

Standard Home Insurance vs. Vacant and Unoccupied Home Insurance

Standard home insurance is designed to cover homes that are occupied and lived in by the homeowner. When a property becomes vacant or unoccupied, the risks change significantly, and standard policies may no longer provide adequate coverage.

The Risks of Vacant or Unoccupied Homes

Vacant or unoccupied homes face specific risks that standard home insurance may not address. These risks include increased vulnerability to vandalism and theft, potential damage from neglect, and liability risks if someone gets injured on the property and no one is present to address the situation immediately.

Specialized Coverage for Vacant and Unoccupied Homes

This type of coverage addresses the unique risks associated with extended vacancy periods. It typically includes property coverage that protects against vandalism, theft, and damage caused by neglect. Additionally, it may consist of liability coverage to protect homeowners in case someone is injured on the property during its vacant or unoccupied status. 

eAdvisorPro Property & Casualty LLC LLC Can Help You

Here at eAdvisorPro Property & Casualty LLC, we can answer all your questions concerning home insurance. We assist the Oakland Park, FL region. Contact us today.