Is it more expensive to insure an unoccupied house?

Is it more expensive to insure an unoccupied house?

A house sat empty can attract unwanted attention from vandals and squatters, making the property a much higher risk to insure than one which has people in and out of it all the time. May 27, 2015

Is unoccupied home insurance expensive?

Unoccupied property insurance tends to be more expensive than standard home insurance. This is because vacant properties are considered a higher risk by insurers. Unoccupied properties are more likely to be damaged by: Vandalism. Dec 20, 2021

What is classed as unoccupied property?

When it comes to insurance, an unoccupied property is a property that no-one is currently living in, and potentially has been left empty for a prolonged period of time.

Can you insure a house that is going through probate?

Home Insurance during Probate. During probate an unoccupied property will require specialist home insurance, as the risk of damage from simple maintenance issues such as water leaks is higher, as is the risk of break-in and vandalism.

What is probate house insurance?

It is the responsibility of the executor/administrator to protect the deceased’s assets and they must put in place appropriate probate house insurance. This needs to be a specialist cover, often referred to as Unoccupied House Insurance, Unoccupied Home Insurance or Unoccupied Property Insurance.