1. 150 POINTS
    Paul Nelson
    Owner, Paul Nelson Insurance Services, Santa Cruz, CA
    It's more expensive because there is more risk of something happening and going unmitigated. If someone is living in the home, then a leaking pipe, fire, or roof damage will usually be identified much quicker and can be handled before they cause significant damage. Vacant homes also pose a higher much risk for vandalism.
    Answered on June 14, 2013
  2. 2210 POINTS
    Brenda HansonPRO
    Vice President/Agent, Best Rates Insurance Inc, Kalispell Montana
    The reason that the home is more is because the house has no one or anything in it and that puts it at a higher risk for vandals and damages to go undetected till it is to late. with the home vacant the would no one there to notice a fire if it started. Or pipes froze and burst no one would be able to detect damage
    Answered on June 14, 2013
  3. 58 POINTS
    allex mezzo
    Insurance /counselor, AAA Mid-Atlantic, nj
    It is looked upon as a very high risk to the insurer since the property is not occupied daily where there is a high percentage of vandalism and other internal issues such as pipes breaking that would not be reported.
    There are insurance compaines that will insure these risks with a high price to pay until the property is renovated and occupied, then an admitted carrier insurance can be purchased at the competitive rates.
    Answered on May 4, 2015
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