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To be clear, it has never and will never be vacant or rented. Owner occupied until sold. And we're only concerned with liability. Already dealt with a you-would-not-believe-nightmare with the old homeowner's policy and it was such a disaster that we chose to go uninsured from the time that was cancelled until now. There hasn't been anyone on, in or near the property but that is going to change in a major way once the realtor gets involved. No personal liability or umbrella policy and it has been hard to find any information about this particular situation online. Thank you for the responses.
That the property hasn't been insured at all for some length of time (how long?) might add a wrinkle. If there already was a policy in good standing, it might have given you more options for modifying, adding, or increasing coverage for liability. No insurance history for some time means no information about the state of the property.
To be clear, it has never and will never be vacant or rented. Owner occupied until sold. And we're only concerned with liability. Already dealt with a you-would-not-believe-nightmare with the old homeowner's policy and it was such a disaster that we chose to go uninsured from the time that was cancelled until now. There hasn't been anyone on, in or near the property but that is going to change in a major way once the realtor gets involved. No personal liability or umbrella policy and it has been hard to find any information about this particular situation online. Thank you for the responses.
Quote:
Originally Posted by Maddie104
When we owned an second home, we were able to extend the liability coverage we had for our primary home to the second home and it was listed on our declarations page. The second home was actually in another state but that wasn't a problem.
Otherwise, I am unaware of a standalone "liability only" homeowners insurance policy,
Quote:
Originally Posted by mathjak107
in this case they only need structure insurance not contents so that is why landlord insurance is likely the best route … it is more lenient too if the home is vacant.
when you want full homeowner coverage you can add that to an existing policy but this is different
Incorrect --
It was the liability coverage only -- not full homeowner coverage -- that was extended to the owner occupied second home. We had no structure or contents coverage on second home. In fact, I don't recall but I don't think it even cost anything additional
It was the liability coverage only -- not full homeowner coverage -- that was extended to the owner occupied second home. We had no structure or contents coverage on second home.
well we did .. we bought a second home and added it to our existing policy with geico . that extended our umbrella to both , so it wasn’t in reference to your post about land only, op has a house on it
I agree as if it's empty it'll be cheaper to insure as landlord since you didn't have you cover replacement costs of stuff.
An empty house may not be insurable at all. Insurance companies want someone actually living there whether it be the owner or a tenant. Empty houses tend to catch fire for some strange reason which may, or may not be related, to collecting insurance on it.
Oops. Guess this is about LIABILITY insurance only. Even so, it may be difficult to get liability insurance on an empty building.
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That the property hasn't been insured at all for some length of time (how long?) might add a wrinkle. If there already was a policy in good standing, it might have given you more options for modifying, adding, or increasing coverage for liability. No insurance history for some time means no information about the state of the property.
