Keep Vacant Las Vegas Homes Properly Insured

The real estate market is just starting to
get back on its feet and many homeowners can’t sell their properties fast enough. Some of the disappointed sellers who need to relocate
because of a job or purchase a new home just lock up and leave their old Las Vegas Homes. Unoccupied homes can
be a cause of losses and liabilities that are not covered by insurance.

Las Vegas Homes
that are vacant pose a higher danger
for damage than an occupied home. Most insurance companies charge a higher
price in insuring these properties. These dangers include the following.

When a home has been unoccupied for a
while, it will attract the attention of burglars. Most burglars look for signs
such as unkempt lawn, full mailbox, no lights on, etc, in selecting their victims.

When there is nobody home to call for help
during an emergency, such as a small electric fire, it can transform into a
much larger disaster.

 An
unoccupied or vacant home has nobody to prevent others from entering the
property or supervise the activities. This can lead to increased probabilities
of disaster or property damage compared to when there is an owner there.

The difference between unoccupied and
vacant Las Vegas Homes
may differ
depending on the insurance policy. Some insurance companies may choose not to
pay if a home is vacant for 60 days or greater. Some might automatically switch
to a different amount of coverage after a home has been deemed unoccupied for a
specific number of days.

Before you decide to leave a
home vacant or unoccupied for a long period of time, talk to your insurance
agent or company to learn how they define vacancy and unoccupancy, and whether
the company will pay claims if a house is unoccupied. Many insurance companies
offer an endorsement that will provide coverage for a dwelling that is
unoccupied for an extended period of time. Vacancy policies can also be
purchased for different term lengths to cover a few months to a year, depending
on the need.