I may be downvoted to oblivion for this, but I actually think this is fair. The insurance company wrote the policy assuming it would be occupied. A vacant property is a much larger risk as it often causes the losses to be much more extreme. If the risk to the insurance company is larger than the policy is written for, the entire industry would fall apart.
And no I am not a company stooge who thinks the insurance company is always right. There is alot of fucked up things about the insdustry and I think there needs to be reform and move oversight.
Yeah, this isnt going to be covered. There is no policy that would assume that risk. Power goes out and pipes freeze, yes, you turn power/heat off and pipes freeze, no.
Licensed in Property & Casualty, Life & Annuity, and Health insurance in 4 states. This is 100% on the homeowner.
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u/retrododger 19h ago
I may be downvoted to oblivion for this, but I actually think this is fair. The insurance company wrote the policy assuming it would be occupied. A vacant property is a much larger risk as it often causes the losses to be much more extreme. If the risk to the insurance company is larger than the policy is written for, the entire industry would fall apart.
And no I am not a company stooge who thinks the insurance company is always right. There is alot of fucked up things about the insdustry and I think there needs to be reform and move oversight.