Many homeowners in todays market have moved on to their next home. The home they are still trying to sell is vacant. If you are in this situation you need to check with your homeowners insurance agent to be sure you have coverage for a claim. Insurers are now realizing that a vacant home is a high risk for many types of claims. If your home has been vacant for more than 60 days and you try to file a claim it may be denied. Most homeowners insurers will insure your home but…with something called vacant homeowners insurance. The cost can be double the normal cost for and occupied home. Better to be safe than sorry if you have something happen to your vacant home and find out the claim is denied. Your insurer may do a drive by inspection before approving a claim, if the home looks vacant they may ask for proof of occupancy with utility bills for several months to look at avg use etc….Contact your insurance company today if you are in this situation! Currently in Lake and Geauga county there are over 150 homes either in a foreclosure or short sale status and many of these homes are vacant. Keep in mind until the home transfers to the bank at sheriff’s sale or is short sold, the homeowner is responsible to keep the property insured. We hope this information is helpful to you! Visit our website www.StewartTeamHomes.com.

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