3 Reasons Why One Must Have Vacant Property Insurance

1. 3 Reasons Why One Must Have Vacant Property Insurance If you own a house that is vacant for months at a time, you’ll need vacant property insurance to protect the home against property damage and theft. It is a type of insurance product that is designed to cover vacant homes that might be in the process of being sold, undergoing restorations or renovations, or otherwise not being lived in on a full-time basis. You can also apply for Vacant Home Insurance online in the comfort of your home. While purchasing vacant home insurance, one needs to decide if they want a separate policy or the plan can be added as an endorsement to an existing insurance plan instead. Many scenarios require you to buy Vacant Property Insurance. But here are 3 reasons why one must have Vacant Property Insurance: 1. Your home is undergoing renovations: If you’re planning to make some improvements to your home that requires you to move out for an extended period, a Vacant Property Insurance is all you need. It will save you from unwanted damage or mishappenings. When purchasing a vacant property insurance, consider carefully for how long you need it. 2. You are renting or selling your home: If you have moved out of your house before selling it or you are using the home as a rental property but it’s vacant in the off- season, you are likely to need insurance protection like a vacant home insurance policy to ensure you’re fully covered. 3. Your home is a vacation home: Owning a rental property that sits vacant during the off-season is your sign to look for vacant property insurance. If you are only using the home as a vacation getaway or a secondary home for a few months out of the year, you need to purchase a vacant home insurance plan. But if you can’t decide if you will be using the property for an extended period, contact your insurer to see if you need a more specialized policy to cover the vacant premises. If you are planning to get vacant property insurance in Canada, On Parle Assurance is one of the leading insurance providers. Their policy will cover standard perils such as: Explosion Fire Hail, lightning, or windstorm damage Malicious mischief Damage by squatters on the property Sprinkler leakage On Parle Assurance will help you find the right insurance policy because their brokers understand the impact insurance coverage can have on your bottom line. When you buy insurance from them, you get more than just financial safety. You also get their promise of simplifying complex insurance terms and conditions, quick stress-free claims, instant

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