If you own a house that is vacant or unoccupied, you should review your homeowner's insurance policy with your agent to find out what the stipulations and coverage are.

Some companies don't insure vacant homes at all.  Vandalism, fire, water damage, and so forth, can be a greater threat in vacant houses because no one is around to see it or stop it. Imagine a burst water heater pouring water into your basement for days -- you  may not realize it until you get the water bill!

Vacant home insurance is usually more expensive than your regular homeowner's insurance. However, it may be better to pay a higher premium than to have a claim denied outright.

Whatever the situation, it's good to have a talk with your insurance company if your house is going to be vacant for any length of time.

Additional reading: A brief article on the most common type of homeowner's insurance and what it covers.

(C) 2006 Susan Pruden.