December 26, 2012 6:20 am
If a residence is vacant for more than 30 days, a standard policy may become invalid. In order to find homeowners insurance that will cover this type of property for a reasonable price, here are four things that should be known to reduce risk and help lower rates.
1. Make the home look occupied. There are many things that can be done, such as asking a neighbor to park their car in the driveway and putting lights on a timer. It is also recommended to leave furniture in the home when securing your home. Be sure to also have newspapers and other mail stopped.
2. Prepare the central heating and water. If a house will be empty during winter months, the risk of frozen pipes and water damage increases. By keeping the heat on at a low setting, this risk is reduced.
3. Set up regular inspections. The majority of problems with vacant properties are simply because of unnoticed issues and compounding damage and costs. By having a trusted third party make regular visits, this can be avoided and add peace of mind.
4. Secure the property and remove valuables. All entry points should be secured with an alarm set. Valuables should be removed so they do not attract attention that could lead to burglary.
By following these tips, you can reduce the risk and hopefully use it as leverage to receive lower insurance rates.
For more information, visit www.HomeownersInsurance.net.
Published with permission from RISMedia.