An abandoned house is a home that has been unoccupied and neglected for a long time. In the context of insurance, these properties can pose specific risks and challenges.
Insurers may classify abandoned properties differently than occupied ones, often resulting in limited coverage or higher premiums. This is because those can attract vandalism, theft, and potential liability issues.
If you’re dealing with unclaimed property, it’s important to understand these risks and talk to your insurance provider to ensure you have the right coverage.
At PSIC, we cover properties that are unoccupied as long as they are in good condition and the owner shows pride of ownership. Abandoned houses, which are not frequently visited by owners or others, have a higher risk of being broken into or causing damage to others due to lack of maintenance, among other issues. For this reason, we cannot provide them with coverage.
We understand that finding the right insurance can be challenging, especially when it comes to unique situations like abandoned properties. We are committed to providing you with the information and support you need to make informed decisions about your coverage. Your peace of mind is our priority, and we are dedicated to helping you navigate your insurance options with confidence.
If you have questions about your specific situation, we encourage you to contact an agent who can give your personal advice.
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Last updated: June 27, 2023
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