When a home stands empty for an extended period, the risk changes.
Whether it is a rental property between tenants, a holiday home, a home under renovation, or your primary residence while you are away for a longer period, your insurer may need to know.
Certain policies may suspend or restrict cover when a home becomes vacant or unoccupied for too long. This is especially important where theft, malicious damage, water damage or vandalism claims are concerned.
As a general guideline, homes left unoccupied for more than 30 days should be disclosed to SWL Financial Services and/or your insurer where required.
Insurers may also ask for additional security measures, such as:
- Alarm activation
- Armed response
- Regular property inspections
- Secure locks, gates and access points
- Confirmation that utilities are safely managed
Temporary absences, extended travel, rental vacancies and homes standing empty between contracts should not be ignored.
The key is simple: Tell us before there is a claim.
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At SWL Financial Services, we help clients understand the conditions in their policies so that they know what is expected of them before something goes wrong.
This content is provided for general information purposes only and should not be considered financial advice. Please consult a qualified financial adviser before making financial decisions.
