How Much Does Vacant Home Insurance Cost?

1. 

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   David Osgood

   Agent, Rural Mutual Insurance Co., Union Grove, WI

   The cost of insurance coverage for a property that is vacant is going to vary depending on the many factors that go into determining the rate. Some of those factors are: geographic location, valuation of the property, age of the property, claims history of the insured  and the property, along with many others. In my experience I have seen most start at about $$900/yr.

   Answered on August 9, 2013

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2. 

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   herb nease

   agent owner, shelter insurance,

   In our case we charge about 30% above the normal occupied rate however there are some insurance companies that do not even write any property insurance for a vacant dwelling. Best idea is call your current agent and find out if he or she have the ability to write vacant dwellings. Finally rmember most companies have a 30 day vacancy clause meaning if the property is vacant more than 30 days there may be limited coverage or no coverage on your policy. Consult your agent for more informaiton.

   Answered on May 25, 2015

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