Our team at Mr. Auto Insurance has been working in the insurance industry for many years, and over time, we have expanded our range of products to include home insurance (and more) in addition to auto insurance. Just as different types of vehicles require different types of insurance based on factors such as their size and purpose, so too do different homes need their own insurance. For example, if you own a vacation home, you will likely need to get vacant dwelling insurance for it.
In this article, our team will provide more information about vacant dwelling insurance and how it applies to vacation properties.
- What is Vacant Dwelling Insurance? – As the name states, vacant dwelling insurance is designed to cover homes that are not being lived in full-time. A building sitting empty for long stretches of time has a different set of associated risks than one being occupied—for example, if no one is living in the home, a leak could go undetected for months. With vacant dwelling insurance, you’ll be able to cope with these unforeseen situations more easily.
- How to Tell if You Need Vacant Dwelling Insurance? – Each insurance provider has their own criteria about when to deem a dwelling vacant, with some agencies setting the cutoff at 30 consecutive days and others at 60 days of it being unoccupied. If you plan to move to a new home before you sell your old one, you may need this type of coverage, and you will also need it for vacation homes you only use for part of the year.