January 16, 2022 How Your Homeowners Insurance Needs May Change When You’re Selling Your House
Homeowners Insurance Brenda Wynn Las Vegas NV Real Estate Berkshire Hathaway HomeServices You know that you need homeowners insurance in case your house gets damaged or someone gets injured on your property. When you put your house on the market, your existing policy may or may not provide you with adequate protection. What Your Current Policy Will Cover While Your House Is Being Sold If a buyer comes to visit your home and gets injured and you’re found liable, your homeowners insurance policy’s liability coverage can pay for medical bills and other related expenses. If the house or its contents get damaged while the house is on the market , your policy’s dwelling and/or contents coverage can pay for repairs or replacement. Why Insurance Companies Offer Different Policies for Vacant Properties A vacant house is more likely to be a target of vandalism, theft, fire and arson. If a problem such as a plumbing leak occurs, there won’t be anyone around to notice it, which ...