Why have vacant home insurance with Cobos Insurance?
It is important to be able to distinguish between a vacant structure and an unoccupied property. We can help you navigate the difference and find the best insurance for you. Most insurance companies will include a vacancy clause on a property policy that excludes certain perils if the structure meets their definition of "vacancy". Vacant homes have a greater chance of vandalism and a higher probability of damages going unnoticed for an extended period of time.
Seasonal and secondary homes are not generally classified as vacant, as utilities are usually maintained and furnishings are left behind. Homes for sale or rent, or in estates can often fall under the category of vacant as they are oftentimes unfurnished with some or all of the utilities turned off.
There are policies specifically designed to cover vacant homes that can provide the necessary coverage to protect the owners from losses. Cobos Insurance Center specializes in these types of policies and can further assist you.
Limited Theft Coverage This endorsement adds coverage for losses to personal property caused by theft and vandalism, if the theft occurs on-premises. Water/Sewer Back up This coverage is for loss caused by water or sewage which backs up through sewers or drains or overflows from a sump pump. Loss Assessment: This endorsement provides coverage for an association assessment as a result of a covered loss to common property.