Many consumers are under the impression that their Homeowners policy covers them for pretty much everything. While the HO-3 or standard homeowners policy does provide a lot of coverage, it also is intended to cover an “Owner Occupied Dwelling” and not a vacant dwelling. The policy has some clear definitions of vacancy, essentially any unoccupied dwelling for 30 days or more. Unfortunately, ,many consumers leave there home unoccupied for longer than 30 days when it is up for sale or if they are trying to rent it. In these situations, we recommend seeking an independent insurance agent to help you get a policy to provide the coverage you need. That may be a vacant home policy that allows for vacancy or maybe a landlord policy.
