Unoccupied Home and Homeowners Insurance
OK, we've just scrapped plans to enter the workamping life because I've read that most if not all homeowners insurance will not cover claims if the property is unoccupied for more than 30 days unless ...
Forum Discussion
gutfelt wrote:
so are there state mandated insurance rules that insurance companys follow? seems very odd (example)in Alabama your insurance goes from $50 to $175 and in another state it does not change ;; can someone explain this ?
two words...risk analysis. everything else being equal insurance rates and premiums would be the same everywhere. but property values, cost to rebuild/repair, claims history, risk of nature, etc. all play into setting rates and premiums.
