Do I need home insurance on a vacant home?

Yes DEFINITELY! Worth mentioning is that vacant home insurance is different than occupied home insurance. The reason for that is when a home is occupied -- the insurance company is assuming someone is present and any issue (such as a leaky refrigerator waterline) will be discovered quickly. With a vacant home -- it can continue to leak much longer before discovered. So premiums are higher for vacant homes. Also, if there is a claim and the its discovered that the home was vacant at the time -- there may be coverage issues. Contact your insurer to make sure the home is properly covered until the closing paperwork is completed!!

You should always have insurance on your home. I live in a resort community and we have many short term rentals, or just vacation homes. What happens if while your house is being marketed for sale, it burns down, or someone slips and falls? you’re going be on the hook, out of your pocket.

Yes you need insurance always