Quote:
Originally Posted by carsncars
Anyone have experience/advice on switching home insurance to unoccupied for 2-3 months?
I'm with TD right now. Current tenant is moving out. I'm moving back to Vancouver in December. I'll have parents check in a couple times a week but as far as I understand that will still mean it's unoccupied. I'm not sure finding a short-term tenant is worth the risk vs. the 2-3 months rent it will net me.
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When we bought our house it was being renovated for about 5 months after possession and unoccupied. We had to change our insurance to match it otherwise if something happened insurance will not payout. The insurance was $4500 instead of $3500 a year.
You have to declare that it's unoccupied otherwise insurance is void.