Securing insurance on a vacant house is generally more challenging and expensive than obtaining standard homeowners insurance because vacant properties represent a significantly higher risk profile for insurance underwriters. Insurers worry about unaddressed maintenance issues, severe water damage going unnoticed, fire hazards, and an increased vulnerability to break-ins, theft, and squatters. While standard insurance companies will frequently decline or cancel coverage for empty homes, specialist property insurers routinely offer vacant home policies. However, securing these policies often requires meeting strict security mandates, such as installing working alarm systems, shutting off main water valves, and arranging for a designated person to inspect the property weekly.
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