Quick Answer: How Much Does It Cost To Insure An Unoccupied House?

Why is vacant home insurance so expensive?

Vacant home insurance costs anywhere from 50% to 150% percent more than traditional homeowners insurance premiums for the same property.

The increase in premium is directly related to the increase in risk homes left unattended face, including the high probability for vandalism, vagrancy, theft, and weather damage..

Is an empty house easier to sell?

The short answer is yes, empty houses do take longer to sell than furnished, occupied or staged homes. A study from the Appraisal Institute found that vacant houses sold for 6% less than occupied houses and stayed on the market longer. There are a few reasons why this is the case.

What is soft staging?

Soft staging is a lesser-known version of home staging. … Soft staging has the same concept as traditional home staging but without the furniture. We bring in artwork and accessories that compliment the home to make it feel warmer and more inviting.

How do I leave my house empty?

What should you do to winterize your home?Adjust your thermostat. … Shut off the water at the main shut off valve in your house. … Turn off your gas line to prevent a gas leak or other gas related incident.Bundle the house up tight! … Unplug everything. … Tell your neighbors. … Stop the mail. … Check your sump pump.More items…

How long can you leave a house empty for insurance?

Home insurance companies typically require you to contact them and request an endorsement or a special permit for a home that will be unoccupied for 30 or more consecutive days. Some insurance companies allow homes to be unoccupied for 60 days before requiring notification. The time limit is stated in the policy.

What is the difference between vacant and unoccupied?

Unoccupied: without occupants, but not devoid of furniture or other furnishings. Vacant: having no tenant or contents; empty, void. The difference between the two is a matter of time and intent.

How can I leave my house for 3 months?

How to Close a House for Three MonthsShut off any propane or natural gas or propane valves. … Unplug all electrical and electronic appliances. … Store all outside patio furniture and tools inside the house.Prune trees with overhanging branches that could fall on your house in a high windstorm.Drain the plumbing system.More items…

What month is the best to sell a house?

MayIn most areas, the best time of year to sell a home is during the first two weeks of May. You can expect to sell 18.5 days faster than any other month and for 5.9 percent more money. In other places, early April or June is better for home sales than May. There are pros and cons to spring home selling.

What is the most important rooms when selling a house?

The Two Hot Spots: The two most closely inspected and anticipated rooms of a house are the kitchen and master bathroom. They’re the interior spaces where the most value can be added during a sale, so they need to look their best.

What counts as an unoccupied house?

Generally speaking, vacant refers to a property that is completely empty – lacking both people and personal items. While the term unoccupied refers to a property that has been left in a state where all items are as if the owners were to return at any point.

How do I prepare my house for a long absence?

How To Prepare Your House For Extended Vacation or Long AbsenceInstall a Home Security System. … Install Laminated Security Glass To Vacation Proof Your Home. … Set up Light Timers. … Put up Motion Detector Lights. … Maintain Your Landscaping During Your Absence. … Have Someone Stop By Regularly. … Don’t Leave Hide-a-Keys.More items…•

Can you insure a home that is vacant?

Insurers consider an unoccupied home to be one that has not had anyone living in it for an extended period of time, usually for 60 consecutive days or more. However, the maximum time you can leave your home unoccupied and still receive full coverage will depend on your home insurance policy.

What insurance do I need for an unoccupied house?

What is unoccupied home insurance? Unoccupied home insurance covers your home if it’s left empty for longer than your standard policy allows. Standard home insurance policies typically cover an empty house for 30 or 60 days, but the time frame can be longer, or shorter – so check your policy wording to be certain.

What temperature should I leave my house when away?

When leaving on vacation — usually more than three days — set your thermostat to 50-55 degrees F in the winter to prevent against freezing pipes and to 85-90 degrees F (or even turn it off) in the summer.

Does it cost more to insure an empty house?

Depending on how long your house is unoccupied, there may actually be no difference in the price of your home insurance. … Generally speaking, if your house is going to be unoccupied for more than 60 days, you’ll have to contact the insurer directly to see if they can offer you cover for the extended period.