Eugene C. Yates Insurance Agency Blog
Traveling retirees and Sacramento home insurance
9/15/2011 9:35:00 AM
If you’ve just retired, congratulations! After all those years of work, the time has come for you to do some of those things you’ve been dreaming about. If you’re planning to do some serious traveling, it’s important to consider the insurance implications. Your Sacramento home insurance coverage is likely to be affected if you leave your home vacant while you are away.
Insurance companies are very conscious of the risks associated with leaving a house unoccupied for an extended period. When compared with a house that is occupied, an empty property is more vulnerable to damage by fire and water, and is much more likely to attract burglars and vandals. Because of this, insurers offer only limited coverage for vacant properties and may discontinue coverage if a home is empty for more than 30 days.
Insurance products called vacancy permits offer protection for standard perils such as storms and fires, but many of the vacancy permits do not provide coverage for water damage, vandalism or theft. Some insurers do offer coverage for vacant properties, but the insurance premiums are significantly higher than those for occupied properties.
If you’re uncertain how your travel plans are likely to affect the continuity of your Sacramento insurance coverage, ask your agent or insurer about coverage available for vacant properties.
Insurance companies are very conscious of the risks associated with leaving a house unoccupied for an extended period. When compared with a house that is occupied, an empty property is more vulnerable to damage by fire and water, and is much more likely to attract burglars and vandals. Because of this, insurers offer only limited coverage for vacant properties and may discontinue coverage if a home is empty for more than 30 days.
Insurance products called vacancy permits offer protection for standard perils such as storms and fires, but many of the vacancy permits do not provide coverage for water damage, vandalism or theft. Some insurers do offer coverage for vacant properties, but the insurance premiums are significantly higher than those for occupied properties.
If you’re uncertain how your travel plans are likely to affect the continuity of your Sacramento insurance coverage, ask your agent or insurer about coverage available for vacant properties.
