In a perfect world, you would sell your current home before moving on and purchasing or renting a different home. However, we don’t live in a perfect world. You may need to move to care for an ill family member or for a job change and your home may not have yet sold. Or you may have found the home of your dreams and purchased it and moved before your home sold. Either way, you may have an empty house that is for sale. When this happens, we at North Georgia Insurance Center, serving the greater Commerce, GA area, are often asked if there are any changes that you need to make to your home insurance policy. Here is what you need to know.
If you are no longer residing in the home and no longer have belongings inside, you may be able to make changes to your home insurance policy. These changes include stating that you have no personal property inside and waiving your right to replacement housing in the event your home becomes unusable due to a catastrophic loss or event. All in all, this may help you to save some money on your insurance policy. However, it is important to note that you are not legally required to make changes to your policy and many people do not. If your home is priced right, it will likely sell quickly, leaving it alone for only a brief period of time. Most people don’t like to change their insurance for this shortened period of time.
If you are looking for a new home insurance policy or considering making changes to an existing one, visit North Georgia Insurance Center, serving the greater Commerce, GA area. We can help you decide what changes, if any, need to be to your home insurance policy. Contact us today to get started.