Your Vacant Home Still Needs a Proper Homeowners Insurance in Calimesa, CA
In today’s dragging market, many homes are left vacant, but that doesn’t mean they don’t need homeowners insurance in Calimesa, CA.
It’s no secret that the housing market of today is not as strong as it was exactly ten years ago. Since 2008, it definitely has risen and is becoming stronger every day but it’s still not as strong as the economy or Americans would like. Sellers sometimes have no choice but to move and leave their properties vacant for some time. These owners may be surprised to learn that their insurance provider could drop their homeowners insurance policy and that’s because vacant homes are riskier to insure than ones that are occupied. If a tiny spark that could have easily been put out gets out of hand, no one will be there to put an end to it.
Vacant homes also present a number of liability issues: if kids want to climb your fence or have a party in your empty home, and then get injured, it’ll be you who is held liable.
Here are you two options in keeping your home vacant without dropping your insurance policy.
Endorsement to Your Policy
After being left empty, insurance companies will invoke an exclusion for previously held coverages. An endorsement allows homeowners to “buy back” the exclusion.
A vacant-home policy does exactly what you’d expect: covers your vacant home for a number of reasons. Things like being for sale or undergoing renovations. Not all insurance companies offer this kind of coverage, so be sure that yours does.
Getting the right insurance coverage shouldn’t be a task you have to worry about, so contact Little & Sons Insurance Services. Our dedicated team can help you get the right homeowners insurance in Calimesa, CA. We serve Banning, Beaumont, Calimesa, Redlands, and the surrounding California area and can help you protect yourself against the risks of vacancy.