the housing market in the dumpster the past few years, this common
problem has arisen. A couple buy a new home before their existing home
sells. They move into the new house, leaving the old house empty. Three
months later, vandals break into the old home, have a wild party and
completely trash the place, causing $50,000 in damage, and the owner has
Homeowners policies exclude glass breakage and
vandalism damage if the house has been vacant, that is without enough
furniture to be lived in, for 60 days or more. There are high-risk
policies you can buy to cover a vacant house, but the coverage is
watered down and the premiums are three to four times greater than what
you've been paying for homeowners insurance.
The better way to
keep your homeowners policy and still have vandalism coverage is by
keeping enough furniture in the house so it can be lived in, such as a
kitchen table, a couch and a lamp in the living room, and one bed.