Tools in Property Management
Being organized is half the battle. All items on this page are suggested tools for the homeowner.
Spring Cleaning Reminder and Checklist
Hurricane Preparedness
Homeowners Insurance Vacancy Clause
Does this apply to you?
Understanding your homeowners’ insurance vacancy clause – what you need to know:
Protecting your home is part of your personal risk management. While for most people, their home is their largest personal asset, even the new homeowner needs to build a good insurance foundation to manage their personal risk. We all need to understand and be cognizant of any “vacancy clause” in a policy. Merriam-Webster defines a vacancy clause as “a special endorsement in property insurance permitting premises to be vacant or unoccupied beyond the period stipulated in the original contract and insured during the extension period either for the full or a reduced amount.” Typically, without this special endorsement, after 30 – 60 days certain types of coverages may or are no longer in effect.