My parents always taught us that honesty was the best policy and I must admit usually this is absolutely true!
For some strange reason at times individuals do not always tell their insurance agents the “truth” about their homes. We all know that there can be grey areas about all sorts of things in life but I wanted to share why the “truth” really matters when it comes to your home insurance.
A home insurance policy is just a contract that outlines what it will pay and under what conditions it will pay.
When you have a traditional home insurance policy it will pay your covered claims when your home is occupied by you as the home owner. Occupied is pretty straight forward for most of us.
Now if your home is unoccupied or vacant that is when you will have trouble with a traditionally covered home insurance claim being paid.
Unoccupied refers to your home in which you have furnishings but you are not living there.
Vacant refers to your home in which the home is an unoccupied space.
Once your home is either unoccupied or vacant for more than 30 days important home insurance coverages automatically drop off your policy. Unfortunately the policy is written this was.
So what is a home owner to do?
Just notify your insurance provider if your home becomes unoccupied or vacant. Once you do this we work with the insurance company to devise a solution for your no longer occupied home.
Our goal at Herlihy insurance is to make certain that our clients have the insurance protection they selected at claim time. We can do that! We just need to make sure we know WHAT exactly we are insuring.