Yes, purchasing unoccupied home insurance is essential if your residential property is going to be left vacant for an extended period, such as during an extended holiday, a lengthy medical stay, major renovation work, or while waiting to sell an estate property. Standard home insurance policies strictly exclude coverage for theft, malicious damage, vandalism, and water damage caused by burst pipes if the home remains unoccupied beyond a specified timeframe, usually 30 or 60 days. Failing to notify your insurer or secure a specialized vacant property policy means any major incident occurring during the vacancy will result in a 100 percent rejected claim and severe out-of-pocket repair costs.
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