Vacant Home Insurance Quotes | Make Sure you Know the Named Perils

Most vacant home policies available in most States are not the same level of insurance coverage that the homeowner had while living in the house. Most people do not realize that the coverage can be drastically reduced with a Vacant Home Insurance policy. Don't assume anything and always have a complete understanding of what is covered.

Most insurers that write vacant homeowners insurance policies write what is called "Dwelling Policies." This means that they offer coverage for a list of 8 or 9 "perils" for example fire, windstorm, hail, explosion, etc. The problem is, if what caused the damage to the home is not on this list, there is no coverage at all.

This is the opposite of the type of homeowners insurance that most people have while living in the home which is mostly "all risk coverage" that covers everything but what is specifically excluded.

When you get a vacant home insurance quote, make sure you understand what perils it covers and make sure vandalism is on the list. Vandalism is normally not covered under most policies unless specifically written in for additional premium.