You Must advise your Insurance Broker if your dwelling becomes VACANT!
What does VACANT mean? – That all occupants have moved out with no intention of returning and no new occupant has taken up residence; or no occupant has yet taken up residence of a newly constructed or acquired dwelling.
Insurance companies do not insure loss or damage occurring after your dwelling has, to your knowledge, been vacant for more than 30 consecutive days.
Therefore, you must advise your insurance provider within 30 days of your home being vacant or they will DENY any loss or damage. Vacancy restrictions will be imposed on your vacant dwelling as this is a greater risk than an owner-occupied home. For example, they will not insure loss or damage caused by vandalism or malicious acts, glass breakage, theft or attempted theft, water damage, sewer backup and service line. All losses will be paid on an actual cash value basis and they may limit the amount payable. Depending on your insurance carrier, coverages that may be available are Fire; Lightning; Explosion; Smoke; Falling Objects; Impact by Aircraft, Spacecraft or Land Vehicle; Riot; Windstorm; Hail; Electricity.
Please contact your broker should a change in occupancy exist in your home!!
Our Brokerage is licensed to insure your home in Saskatchewan, British Columbia, Manitoba or Alberta. Your home is your greatest investment. Protect your home inside and out with a homeowners policy from Farrell Agencies. We provide insurance for your home, mobile home, condo or tenant.
Coverage can also be added for the following dwellings:
We provide discounts on home policies if any of these apply:
Age of client
Mortgage Free Home
Please contact your broker if you have any questions or if you would like a quote.