We closed on another house, and the old house will be vacant (with some work) until it sells.
What surprised me is that the primary residence HO policy was about $2500 for 1 yr. All vacant policy quotes from an agent to insure that same property are about $3000 for 6 months, or well over 2x the primary residence policy cost on a monthly basis.
Is this expected? should I check with another agent?
6mo vacant policy over 2x 1 yr primary residence policy
byu/benberbanke inInsurance
Posted by benberbanke
2 Comments
Yep. Vacant properties are much higher risk than occupied properties.
There are few things worse than an unoccupied risk.