If you’re a “snowbird” who spends the winter months in a warmer climate, you may be wondering how your home insurance policy is affected. Leaving your home unoccupied for extended periods can increase the risk of certain types of damage, and your policy may have specific provisions regarding vacancy.
What is a Vacancy Clause?
Many homeowners insurance policies include a vacancy clause. This clause outlines the policy’s coverage limitations when a property is unoccupied for a specified period (usually 30-60 days).
Why is Vacancy a Concern for Insurers?
- Increased Risk of Loss: Unoccupied homes are more vulnerable to:
- Burglary and Vandalism: Empty homes are attractive targets for criminals.
- Fire Hazards: Lack of regular maintenance and potential issues with heating or electrical systems can increase fire risk.
- Water Damage: Frozen pipes, leaking appliances, and undetected plumbing issues can cause significant damage.
- Severe Weather Damage: Unattended properties may be more susceptible to damage from storms, hurricanes, or other weather events.
- Difficulty in Detecting and Mitigating Losses: If no one is present, damage may go undetected for longer periods, leading to more extensive and costly repairs.
What Can You Do?
- Review Your Policy: Carefully review your policy’s vacancy clause to understand the specific limitations and requirements.
- Inform Your Insurer: Notify your insurance agent if you plan to be away from your home for an extended period.
- Take Preventive Measures:
- Winterize your home: Disconnect water lines, shut off the main water supply, and drain pipes.
- Have someone check on your property regularly: Ask a trusted neighbor or friend to check on your home periodically.
- Maintain your property: Ensure your roof, gutters, and downspouts are in good condition.
- Consider a security system: Install a security system with motion detectors and remote monitoring capabilities.
- Suspend or reduce deliveries: Suspend newspaper and mail delivery to avoid piling up and alerting potential burglars.
- Consider a Vacant Home Policy: If your planned absence exceeds the limits of your standard policy, you may need to purchase a specialized vacant home insurance policy.
Important Note: It’s crucial to maintain open communication with your insurance agent regarding your absence. They can advise you on the best course of action to protect your property and ensure your insurance coverage remains in effect.