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Thread: Home insurance - vacant property

  1. #1
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    Default Home insurance - vacant property

    Just wondering if anybody knows of insurance companies who will insure a vacant home? It’s currently for sale. Thx

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    Every time we had to insure a vacant home it went into a high risk policy with co-operators. Intact will also do it.
    Professionally Retired

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    TD will. It’s just stupid expensive for near no coverage.

    They aren’t super jazzed about it though. Vacant home insurance sucks.
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
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    fact.
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    guessing who I might be, psychologizing me with your non existent degree.

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    Quote Originally Posted by killramos View Post
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    TD will. It’s just stupid expensive for near no coverage.

    They aren’t super jazzed about it though. Vacant home insurance sucks.
    This is exactly the case, but you kind of have to do it.

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    It essentially devolves into overpriced hail, fire, and liability insurance.
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.
    Quote Originally Posted by Yolobimmer View Post
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    guessing who I might be, psychologizing me with your non existent degree.

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    Have a trusted relative visit the home every second day and save money?
    Quote Originally Posted by killramos View Post
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    You realize you are talking to the guy who made his own furniture out of salad bowls right?

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    Quote Originally Posted by ExtraSlow View Post
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    Have a trusted relative visit the home every second day and save money?
    Yeah maybe. I think it's only once every 72hr that someone has to step in.

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    Quote Originally Posted by ExtraSlow View Post
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    Have a trusted relative visit the home every second day and save money?
    Even with the vacancy permit you still need to periodically check. It’s about whether someone is residing there or not, and know that if there is a claim your company will pull every string to get out of paying out.

    You are obviously still on the hook to maintain the home as well, shovelling mowing etc.

    I’m going through the same thing as OP. It sucks balls and there really isn’t a good way around it, I’ve considered having a family member move in in exchange for covering utilities.
    Last edited by killramos; 12-01-2019 at 03:29 PM.
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.
    Quote Originally Posted by Yolobimmer View Post
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    guessing who I might be, psychologizing me with your non existent degree.

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    Yeah you basically need it. Even if you “sometimes live there” you will still be denied if you say... have a tenant’s policy or own another property that is owner occupied on the policy

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    Call whomever you're insuring your primary residence with, that will be your lowest cost option.
    "Masked Bandit is a gateway drug for frugal spending." - Unknown303

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    those of you that have it or have had it, how much was it per month?

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    I was just quoted 190 for a 60 day vacancy permit by TD. That was just for the vacancy endorsement, plus my normal policy premium.

    And the permit is not pro rated. If you sell your house 2 days into the permit you pay the full amount.
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
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    guessing who I might be, psychologizing me with your non existent degree.

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    Does it matter if it is condo property or not?

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    .
    Last edited by Amysicle; 12-06-2019 at 08:37 PM.

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    Quote Originally Posted by Disoblige View Post
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    Does it matter if it is condo property or not?
    No. Just the price will be slightly less based on size.

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    Quote Originally Posted by Disoblige View Post
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    Does it matter if it is condo property or not?
    Risk is a lot less. Empty or not, you condo fee will have most of the coverage. All you want is probably liability if your RE Agent/Potential buyer slip on a banana peel inside you home and crack his/her head.

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