In this Real Estate Video Mike Mullin Sales Representative for Royal LePage RCR Realty In Orangeville Ontario talks with Roy Chopp an Insurance and Financial Adviser and owner of The Co-operators on First Street.

It is every homeowner’s worst nightmare to have purchased his or her dream home and have it burn down, vandalized or become damaged by water — and the insurance company is not allowing you to make a claim.

How is this possible? Insurance Companies have exclusions that apply to homes that are vacant.

You just purchased a new home in Orangeville and you are from Toronto — it is going to take five to seven days before you can get moved in, you may find that your insurance will not cover vandalism, glass breakage or even water damage while the home is vacant. Worse yet, a house left vacant for more than 30 days may be entirely excluded from your insurance coverage altogether.

This video can provide you with more details on how to avoid a lapse in insurance and what you can do to reduce your risk of damages.