07/28/2026
๐จ A costly mistake every landlord should know about...
One of my clients recently had their tenants move out and forgot to notify their insurance company that the property was now vacant.
Just 3 weeks later, a small fire broke out during renovations.
When they contacted their insurance provider to make a claim, they received devastating news:
โ Their claim was denied because the insurer had not been informed the home was vacant.
โ Their policy was being cancelled at the end of the month.
As if that wasn't enough, because the property now has recent fire damage, finding a new insurance company has become much more difficult.
โผ๏ธRemember, if you have a mortgage, your lender requires you to maintain home insurance. Losing coverage can create a whole new set of problems.
โก๏ธThe takeaway: If your rental property becomes vacant while you're looking for new tenants, notify your insurance company immediately. They may require a vacancy endorsement or adjust your coverage, but it's far better than finding out you're uninsured after a loss.
โก๏ธThe same goes if you're leaving your home vacant for an extended vacation. Every policy is different, so a quick call to your insurer can save you from a very expensive surprise.
๐คท๐พโโ๏ธHave you ever checked what your insurance policy says about vacancy? Let me know in the comments. ๐
