It is essential to get home insurance for an unoccupied property so your home is protected while you are away from the property. So if something had happened to your home, while you were away you will be safe from paying anything towards damages that may have been caused to the unoccupied property. Therefore it is vital to get home insurance for your unoccupied property.
To get a reduced rate on unoccupied property insurance there are certain steps that need to be followed to reduce the pricing.
1. Securing your property - This will lower your monthly premium by having extra protection to your property; most insurance companies are likely to give a discount this way. Most of them offer a 20% discount. They will usually have to pre-approve the security system before giving the discount. This will also make the property less risky for example it will be unlikely for a thief to break in or for the property to be vandalised or for a fire to occur without the emergency response being notified. It may also be a good idea to have fire extinguishers in case of any emergency. This will be beneficial in the long run even though securing your property maybe costly.
Other ways of securing the property would be to ensure window locks are fitted, or if your property doesn't have these security measures in place it is important to do so as soon as possible as most insurers will suggest this before even offering insurance. A burglar alarm system would also be useful, with infra-red sensors and glass breakage detectors which are easy to install and are also cost effective. Another security measure would be to ensure the property doesn't look like it is unoccupied for example having curtains, maybe have your neighbours parking their car in your driveway, and make sure the mail is removed on a daily basis. By visiting your property or having a neighbour visit regularly would help to you getting a better deal on your insurance policy.
2. Do your research - The key is to get a number of insurance quotes and look up online for different insurance companies that offer different plans. You should be aiming to get at least 3 insurance quotes. It is important to search for a reliable insurance provider that will be able to give you best insurance quote possible. Unoccupied home insurance is important to all homeowners who want their property to be safe and want to prevent their property from any damages that can be caused.
3. Deduct land value - Often when you value your house, the land value is also included, it would be a good idea to deduct the land value as you will not need to stress about insuring it because it would be unlikely for anything to happen to the land.