Vacant Property Insurance Covers All Shapes & Sizes
Homes, rental properties and business buildings can be unoccupied for several reasons. The previous homeowner might have been evicted, for example, and the property might be sitting unoccupied while it awaits a new buyer or lessee.
Or maybe a home’s current owner has already bought and moved into a new house but hasn’t sold the old one yet. Perhaps a business owner has invested in extensive upgrades to her building, requiring it to be unoccupied during the renovations. Maybe a military member stationed abroad maintains a home in the US that remains uninhabited the majority of the year. Or maybe an apartment unit is empty while awaiting a new tenant. Whatever the case, let Thomas R Rush Insurance be your guide to Vacant Dwelling Insurance in Frisco.
Not Carrying Vacant Dwelling Insurance Could Leave Your Wallet Unfilled
Some home insurance carriers allow homeowners to add a vacant property addendum to their existing policy. Such coverages aren’t typical, though, and if you own an unoccupied property, it’s crucial to carry the proper coverage types.
If you insure a vacant property with standard business or home insurance and make a major claim, your insurance company will probably reject it once it learns you’re carrying the wrong policy. In fact, the entire policy will probably be nullified, leaving you financially responsible for all the property damages. Don’t leave yourself exposed to unnecessary risks, protect your assets with Condo Insurance in Frisco, TX.