I have written before about keeping your home covered by insurance until settlement with graphic photos of a home that burnt down the night before settlement on my street. However, in today's market with people moving trying to fins jobs many homes are sitting vacant and insurance companies will not cover them if they are unaware in the case of a claim. Some insurance companies will cover you if you notify them, many won't, so you may need to change insurance carrier to keep your home insured.
It is not enough that Uncle Ernie stops by once a week to check on the place. Even if you stay overnight once a week it may not be sufficient if there is a claim. Many homeowners don't tell their insurance brokers what is really going on, hoping to save a few dollars, but it just is not worth it. There are options, so don't risk your largest investment by trying to save a few dollars.
If you are buying or selling on or around the Main Line we can help you, contact us or connect
Feel free to subscribe to our blog to stay up to date with our latest posts and information on the Main Line Real Estate Market.
