You may have recently purchased a new home, and are in the process of moving. As you prepare for the move, you’re likely also taking care of making your old home ready to sell. One important task that is often overlooked is vacant property coverage. Here are four reasons why you should consider purchasing insurance for your vacant home:
1. To Protect Your Investment
Your home is likely one of your biggest investments. A vacant home is still an asset, and as such, it should be protected in case of damage or theft.
2. To Avoid Liability
If someone were to get injured on your property, you could be held liable. Having insurance can help protect you from this type of financial burden.
3. To Cover Unexpected Expenses
If your home sustains damage while it’s vacant, you’ll be responsible for the repair costs. Insurance can help cover these unexpected expenses.
4. Peace of Mind
Knowing that your vacant property is insured can give you peace of mind as you move. You will be able to focus on settling into the new place and selling your old home.
Now that you know a little bit more about insuring your vacant property, you can make an informed decision about whether or not it’s right for you. Protecting your investment, avoiding liability, and having peace of mind are all important factors to consider.