Your money questions: 'What does it mean for our home insurance if we are away for Christmas?'
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Your money questions: 'What does it mean for our home insurance if we are away for Christmas?'
"Q This Christmas, my family and I are taking a trip to Australia to visit family. We'll be away for three weeks, which is the longest we've ever left our home unattended. Should I be checking anything in my home insurance before we go?"
"A Long absences can make your property more vulnerable to break-ins, leaks, or even accidental fire damage, said Barry O'Sullivan, chief operating officer of Ask Acorn, a nationwide network of financial advisers."
A family will be away for three weeks over Christmas to visit relatives in Australia, leaving the home unattended for the longest period to date. Home insurance should be reviewed before leaving to ensure coverage remains valid during an extended absence. Long absences increase vulnerability to break-ins, unnoticed leaks, and accidental fire damage. Confirm policy terms related to unoccupied property and any requirements for notifying the insurer or maintaining security measures. Taking pre-trip precautions and verifying insurance cover can reduce the risk of uncovered loss while the property is vacant.
Read at Independent
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