If you own a home, you may, at some point, decide to move to another home. In many cases, your home would remain vacant for some time. You may be wondering if you should continue to carry insurance on your home if all of the utilities are off and no one is living in the residence.

Carrying Home Insurance On A Vacant Home

You should always maintain your home insurance, even if your home is vacant for some time. Anything can happen at any time, and you could stand to lose the home and any equity along with it if you are not properly insured. Home insurance can protect your home if there is an instance of fire started by a person or lightning. It will also cover your home if it receives damage from a burglary or natural disaster. If you are planning on leaving your current home, you should talk to your insurance agent to find out how you can adjust your current policy to help save money without leaving gaps in coverage. 

Finding The Right Type Of Home Insurance

Finding the right type of home insurance is the key to protecting you and your family from financial disaster. It is also essential to find an insurance company that is knowledgeable and can work with you to help you get the coverage you need without leaving you vulnerable or overpaying. If you live in or around the Amarillo, TX area, you can count on Nest Insurance Agency to provide you with reliable coverage and know that we will work closely with you to help you protect your home. 

Don’t leave your home vacant without the right type of insurance coverage. Residents who live in or around the Lubbock or Amarillo, TX area can call or stop by Nest Insurance Agency and speak with a friendly, helpful agent and find options that work for your needs. 

When you go to buy a house in Lubbock or Amarillo, TX, one of the last things you are probably thinking about is how the neighborhood is going to impact your homeowner’s insurance. And even if you live in a really high-dollar neighborhood where all the homes cost hundreds of thousands of dollars, this doesn’t necessarily mean you are going to get a great rate on insurance. There are many factors that impact your insurance rate, with one of them being the crime rate in your neighborhood. At Nest Insurance Agency, we do all we can to help our clients understand how their neighborhood affects their homeowner’s insurance policies. 

High Crime Rates Are not Good for Insurance

If you move to a neighborhood that has a high amount of crime, such as one or more burglaries every month, then this is a good indicator to an insurance agency that your home has a high likelihood of getting broken into. Because of this, your insurance rate is probably going to be more than it would if you lived in a neighborhood with a low crime rate. 

Bodily Injuries Are not Good

Perhaps you’re moving to a neighborhood that is known to have a high number of bodily injury claims. This will also impact your insurance premiums in a negative way. Insurance companies consider these types of neighborhoods to be a high risk and in order to cover themselves for a likely payout, they increase your rate. 

If you would like to learn more about how moving to a new neighborhood could improve or hurt your homeowner’s insurance rate, please contact the Nest Insurance Agency serving the Lubbock and Amarillo, TX area today.