When no one’s home, your coverage is all you can rely on.
Vacant home Insurance for Pennsylvania Properties.
Did you know that most homeowners insurance policies don’t cover losses that occur when a home is considered vacant? That gap in coverage makes homeowners especially vulnerable to disasters for various reasons, from inclement weather to criminal activity.
Luckily, specialty insurance policies — like vacant home insurance — ensure your investment is always protected, whether you’re 5 miles away or 500.
If you’re planning on leaving your Pennsylvania property unoccupied in the foreseeable future, Freedom Insurance Group, Inc. can help you find a vacant home insurance policy in Philadelphia, Bucks County, and Montgomery County that keeps your house in good hands.
What Qualifies As a Vacant Home?
Any home is considered vacant when no one is living there for an extended period of time.
There are many reasons why residents may leave behind an empty house for weeks, months, or even years. Whether it’s the time it takes to sell the property, gaps between residents, or renovations and construction work, houses can quickly collect dust on more than just those hard-to-reach shelves.
While the exact time period varies depending on the insurance provider and specific policy, vacancy for a house typically occurs after 30 days.
From then on, a neglected property can quickly turn into a hotbed for risks, attracting anything from unexpected visitors to unwanted property damage.
The Risks of a Vacant Property
According to the 2020 Census, 9.7% of U.S. housing units are deemed vacant.
With no one home to notice a leak, prepare for a storm, or act as a deterrent to intruders, vacant houses are left exposed to a wide variety of risks, such as:
- Vandalism and theft: From squatters to burglars, vacant homes are more susceptible to vandalism, break-ins, and theft, as there are no occupants to discourage potential trespassers.
- Property damage: Without regular monitoring and maintenance, issues like broken windows, water leaks, mold, or structural problems may go unnoticed, leading to significant damage.
- Liability concerns: In the absence of residents, accidents or injuries on the property could result in legal liabilities, bringing harsh consequences to the owner’s wallet.
- Coverage gaps: Standard homeowners insurance policies often have limitations on coverage for vacant homes, leaving gaps in protection.
Your home is most likely your biggest asset — don’t risk leaving it exposed without the proper insurance.
Vacant Home Insurance at a Glance
When you’ve up and left your home, you need coverage that protects it against anything that could end in damage or complete destruction.
That’s where vacant home insurance comes in, offering peace of mind for any homeowner with an unoccupied property.
Vacant home insurance policies often differ in what they cover, with several add-on options for extra protection. The most common threats that these policies and add-ons can cover include:
- Fire damage
- Wind damage
- Hail damage
- Bodily injury
- Property damage to another party
Unlike standard home insurance, this coverage caters specifically to the unique risks associated with vacant homes. It ensures that even during extended vacancies, owners are protected from financial losses and unexpected occurrences, which allows you to focus on your property’s future without worry.
Helping You Find Vacant Home Insurance Beyond Philadelphia
Is your home currently or soon to be unoccupied? Don’t hesitate to protect your property.
As an independent insurance agency, Freedom Insurance Group can help you pinpoint the perfect vacant home insurance policy through our list of A-rated companies. With over 50 years of experience serving the people of Philadelphia, Bucks, and Montgomery Counties, we’ve earned the trust of Pennsylvania families for a reason.
Our team is always ready to accommodate your individual needs, designing and customizing each policy to ensure you’re getting premium coverage at an affordable rate.
Request your free quote today to learn more about safekeeping your unoccupied property, whether you’re near or far.
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