How much does it cost to insure an unoccupied house?

The cost of your unoccupied home insurance will depend on a number of factors. As with your home insurance, the value of your property will have an impact on the price of your unoccupied home insurance policy, as well as the location of the property. If your property is in an area that sees a high rate of theft, for example, then your insurance premium is likely to reflect this. When shopping for a policy, it’s also worth comparing the policy covers of different insurers to check that they’re like-for-like, as additional policy covers will usually result in a slightly higher premium.

However, some insurers will also offer reduced premiums for upgrading or adding security features to your property, so it’s always worth asking when obtaining a quote.

Find out about any excesses you may have to pay in the event of a claim. An ‘excess’ is the initial amount you must pay yourself if you are making a claim on your unoccupied home insurance policy, and the amount of your excess payment will usually be specified in your insurance policy documents. You can often decrease the cost of your insurance policy by choosing to pay a slightly higher excess amount than standard, and vice versa.