Question:
I have a mortgage , I have decided to relocate in the next week. Can I get insurance if no one is in the house? I did place it for sale. Should I board the windows? How does this effect my mortgage too cause whenever I call they ask if i am in the house.
Answers:
You should post this question in the insurance section, these people obviously don't know their way around a homeowners policy.
After your policy renews, if your insurer finds out the house is vacant, you will be canceled. If they don't find out and you need to file a claim, you'll be denied coverage due to the house being vacant (your not telling is considered mis-representation on your part). Imagine explaining vandalism to a claims adjuster and they ask where you were when this happened.
Contact you agent and explain you need a policy for a vacant house. Also make sure it's endorsed for vandalism. The cost will be prohibitive, but hopefully for only a few months as you have the house listed. If you elect to rent the property due to not being able to sell, you can change the policy to a rental or 'landlord' policy.
Your mortgage company will care a great deal if your insurance cancels or you stop making payments. Whether you board up the windows depends on the neighborhood and what your Realtor says.
depend of wat insurance u hav
if you own it, you can insure it. mortgage companies know that people have to move and sell their houses sometimes.
you are over-analyzing and worrying far too much about things.
Have to keep it insured if there is a mortgage on it. Talk to your agent about a policy to use for the house while your are relocating.
Yes you can. If you don't have any personal belongings in the house, you can actually reduce coverage to include only the market value of the home.
Ron, ChFC
You may renew your insurance without informing the insurance company you do not reside there, as long as you are not renting the property. (Insurance and mortgages carry 'owner occupied' clauses. That refers to the fact that the property is not an income producing property. Even if you are not actually living in the property, it is still 'owner occupied' by definition. Think of the property as a weekend home. Those properties are not accupied year round, yet still qualify for 'owner occupied'.)Actual residency is not a requirement for coverage. The same is true with your mortgage.
Do not board the house up, particularly if you are trying to sell it.
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