It is important to be able to distinguish between a vacant structure and an unoccupied property. 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.
In addition to your base policy, we also offer many endorsements in Ohio and Kentucky to further customize and enhance you coverage. Below is a list of our most common coverage. If you don't see a specific coverage that you are interested in, feel free to give us a call at 440.324.3732 or contact us via email. We want to work with you, and for you, to ensure that you find the best home insurance for your unique situation.
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.
"Thank you Mary Ellen for helping me secure the proper coverage on my deceased mother's home. During that stressful time, your guidance and knowledge will not be forgotten. "
- Cathy, Avon Lake, OH
Frequently Asked Questions
What is considered a vacant home?
Your home becomes vacant when the property is empty without any personal property inside.
Can I keep the current homeowners policy that I already have?
No. After a period of 30-60 days, depending on the company, a home is considered vacant. Your homeowners policy needs to be switched to a vacancy policy to ensure proper coverage is in force.
i'm a snowbird and spend my winters in florida. do i need a vacant policy?
If you're on vacation, your home is considered unoccupied and therefore does not need a vacancy policy. This applies to secondary seasonal homes as well.
Can the policy be in the name of an estate?
Yes. We can help you insure a property that is in the name of an estate. We would need proper documentation on file.