First things, first - you shouldn’t assume that you have coverage.
The house may be on the market, or may not be lived in currently. It could belong to someone that has passed away.
Leaving a home empty can cause some serious financial consequences. You need to consider these pitfalls and come up with a solution.
Here are a few ways you can care for an empty house.
In some cases, insurers may be willing to provide coverage for an empty home. In fact, they may cover the property for as long as three months. With that said, you’ll need to get in touch with them. That way, the policy can be updated and changed.
If the home will be empty for more than three months, you may have to obtain coverage from a specialist if not your normal affordable home insurance should work well.
Make a point of inspecting the property regularly. Keep an eye out for any damage. After the house has been empty for months, you’ll lose certain types of coverage. If you’re unable to stop by the house yourself, ask someone else, like a neighbor, to take a look at it. You may even want to pay someone to keep an eye on the house.
Make sure that the property is in good condition. Regularly check on the electrics, and watch out for any breakage or rust. Make sure the boiler and heater are serviced when they need to be. If the home is in need of repairs, have them taken care of as soon as possible.
Do your best to make the property appear lived-in. You might want to try to find a short-term tenant. If someone stays in the house for a month or two, you won’t have to worry about it. Work to keep the garden in great condition, have a cleaner stop by, and add light timers to the home.
To keep the home secure, you should remove all valuables from it. You should also think about sealing up the letter box. That way, no one will be able to vandalize it. Install a security system, get someone to look after it and have top-quality locks installed on the windows and doors.
During the coldest months of the year, you’ll want to prepare the property for winter. Make sure your boiler, water tank, and pipes all have the proper installation. If there’s a frost alert setting on your heating, use it. You may want to shut off your water and have the system drained.
If building work is keeping you out of the property, make sure your contractors have the proper insurance. Your current insurance probably won’t cover any damages. Fortunately, you can look for affordable home insurance to cover that.
Don’t put off talking to your insurer. They should know in advance that your property is going to be empty. They will help you to come up with a solution. If you leave it up to chance, you may wind up paying the consequences.