Does Your Home Insurance Cover Your Empty Vacation Home?

It’s that time of year … getting the Vacation home ready for its long winter rest. Everything is secure and put away, water is drained from the pipes and utilities are turned off. Your vacation home on the Outer Banks will be vacant until the spring sun starts shining again. But you may want to go one step further making sure your vacation home is insured when it’s vacant. Insurance companies may view vacant properties as high risk. Even if it’s not your vacation home, homes may be left empty for a number of reasons, such as the property being for sale, undergoing renovations, divorce or … [Read more...]

What You Need to Know About Homeowners Insurance

If you own a home on the Outer Banks, insuring it and making sure your policy provides the coverage needed is incredibly important. For this, you will need to know and understand your policy well. Don’t wait until you have to submit a claim (or a claim denied) to read it.   Breaking It Down – Coverage  Actual cash value – If your policy states that it will pay the actual cash value of the contents of your home, you will be paid an amount equal to what your belongings were worth before they were destroyed. This includes wear and tear and depreciation. This coverage does not include the cost … [Read more...]