It’s no surprise that this is nowhere close to a Seller’s Market!  Even with the downturn on the real estate market, life does continue to go on.  There are countless homeowners who have transferred out of state or have decided to take advantage of the market to purchase another home only to leave their current home vacant while it sits on the market waiting for the right buyer.  Those sellers need to take a close look at their home owner’s insurance policy!

Most homeowners policies are written for owner occupant so there are often exclusions to include property abandonment and/or neglect.  This includes homes that have been unoccupied for a specific number of consecutive days.  Typically insurance considers a “vacant home” as one where the owner is not staying in the home and has removed his personal belongings.  An “unoccupied” home is one where the home owner is not staying in the home however personal belongings still remain.

Vacant and unoccupied homes face a much greater risk of damage than an occupied home.  Not only are break-ins more common (Recently I had one Hiram listing broken into and thieves stole the POOL TABLE!), theft of systems such as the AC compressor and/or copper piping but also property liability.  It is very important for the homeowner to contact their insurance company to discuss proper coverage if the property is to be vacant.

Once a homeowner has confirmed insurance coverage on the property, give us a call to list your home.  Our team services owners looking to sell their homes in Acworth, Atlanta, Austell, Douglasville, Hiram, Kennesaw, Lithia Springs, Mableton, Marietta, Powder Springs, Roswell, Smyrna, Villa Rica and Vinings.