Understanding Vacant Home Insurance: A Comprehensive Guide
Sep 29, 2023 By Kelly Walker

Buying a house without previously living in it is an exciting milestone, but there's no question that empty homes pose unique risks. What happens if your vacant home catches fire? Or if someone vandalizes it while you are away? To ensure your property is adequately protected, you need to understand the importance of vacant home insurance – and how it can help safeguard against unexpected surprises down the road. In this comprehensive guide, we will cover all aspects of vacant home insurance: what types are available, what they can be used for, and how to correctly ensure your policy fits into your budget. Read on to learn everything you need to know about protecting your investment with vacant home insurance!

Defining Vacant Home Insurance:

Vacant home insurance is something that you may want to consider if you own a property that is currently unoccupied. This type of insurance provides coverage for a variety of situations that your homeowner's insurance policy may not cover, such as vandalism, theft, and damage caused by natural disasters.

While it may be tempting to assume that your homeowner's policy will provide adequate protection, leaving a property unoccupied for an extended period of time can create gaps in coverage. That's where vacant home insurance comes in and can provide you with the peace of mind you need.

Types of Vacant Home Insurance Policies:

When it comes to insuring a vacant home, there are various policies available to homeowners. Each type of policy covers different risks and provides various levels of protection. Some policies may cover only specific risks, such as damage from natural disasters or theft, while others may provide broader protection. Short-term policies may be suitable for homes that will be unoccupied for only a few weeks, while long-term options may be necessary for properties that will remain empty for several months or longer.

Comprehensive Coverage:

Comprehensive coverage is a type of vacant home insurance policy that provides extensive protection. It covers all perils, except those explicitly excluded in the policy.

Named Peril Coverage:

Named peril coverage is a policy that offers protection against specific risks or perils named in the policy. These could include fire, wind, theft, and vandalism, among others.

Vandalism and Malicious Mischief Coverage:

This insurance policy provides coverage for damages resulting from intentional destruction or damage to the property.

Actual Cash Value Coverage:

Actual cash value coverage takes into account depreciation and provides payment for the value of the property at the time of loss.

Agreed Loss Settlement Coverage:

Agreed loss settlement coverage is a policy where the homeowner and the insurer have agreed on the amount to be paid out in case of a total loss.

Deductibles in Vacant Home Insurance Policies

When it comes to insuring a vacant home, there are certain nuances that homeowners need to be aware of when choosing a policy. One of the most important considerations is the deductible, which is the amount the homeowner must pay out of pocket before the insurance coverage kicks in.

Understanding the deductible is critical in order to make an informed decision on the best policy for your vacant home. Deductibles can vary widely depending on the insurer, the location of the property, and the perceived risk associated with leaving a property vacant for an extended period of time.

How to Choose a Vacant Home Insurance Provider?

As a homeowner, you never want to imagine a scenario where your cherished home is vacant - sadly, it can happen. It is important to have insurance for your home in case of any unforeseen circumstances such as theft or damages. When selecting a vacant home insurance provider, it's crucial to choose wisely.

You need to consider factors such as rates, coverage limits, customer service, and so on. The process can be overwhelming, but doing your research can save you a lot of hassle and money in the long run.

Benefits of Vacant Home Insurance:

Homeowners insurance is essential to protect your investment in your property, but what if your home is vacant? That's where vacant home insurance comes in. This type of insurance is specifically designed for homes that are unoccupied for an extended period of time, typically 30-60 days or more.

Vacant home insurance can provide coverage for perils like theft, vandalism, fire, and water damage that may not be covered by a standard homeowner’s insurance policy. Vacant home insurance can offer liability coverage if someone is injured on your property.

Coverage for Unforeseen Risks:

This includes things like floods, earthquakes, landslides or pests. Understanding what these specific risks are associated with your property can help you to choose an insurance policy that will provide adequate protection.

Protection against Vandalism and Theft:

Vacant homes are particularly vulnerable to break-ins and vandalism, so it's important to invest in a policy that includes coverage for these risks. Some policies may offer additional coverage against malicious damage caused by fire or explosions. Be sure to check the details of your policy carefully to ensure that you have adequate protection against these types of risks.

Coverage for Natural Disasters:

It is also important to consider coverage for natural disasters, especially if your property is located in an area that is prone to them. Depending on the policy and location of the property, some policies may offer protection against floods, hurricanes, and other natural disasters. Be sure to check and make sure that you have adequate coverage before leaving your home vacant.

Liability Coverage:

Liability coverage is also an important consideration when it comes to vacant home insurance. This type of coverage can offer protection against potential lawsuits in the event that someone is injured on your property while it's unoccupied. Be sure to find out what types of liability coverage are offered by your policy and make sure that you have adequate protection.

Flexibility and Peace of Mind:

Vacant home insurance can provide homeowners with the peace of mind that comes with knowing their property is protected even when they’re away. With flexible coverage options and custom plans to fit your needs, you can find an insurance policy that fits your budget and offers you the protection you need while your home is vacant.


Vacant homes are vulnerable to unwanted attention, so it’s important to ensure that the property is well-protected. The right vacant home insurance provider can give you the coverage and peace of mind you’ll need while your property sits vacant. Make sure to do your research and compare different policies—it's a small price for a lot of protection. By taking the time to properly understand vacant home insurance and familiarize yourself with the details of different policies, you’re setting yourself up for a successful (and secure) rental experience.