We are looking into building a home on STX in a couple of years. We would not be living in it year round. A friend told me that he owned a home in Hawaii that he sold because no one lived in it, he couldn't get insurance for it. Is this a problem on STX? I have never heard that this is a problem, but then I heard this from him.
There are a whole lot of villas here that are occupied only part-time, but are insured year around.
Insurance here is crazy expensive when a house is owner occupied and more so (and harder to get) when a house is unoccupied or tenant occupied. The firm through which I have house insurance claims it won't insure homes that are not owner occupied.
HI Terry - We bought a little place in April and we haven't been back since and won't get there again til October. We do not rent it out. We got insurance through AARP in Puerto Rico very easily -but not cheaply. They were the best deal we could find. Our neighbors check in for us periodically and we have someone hired to shutter it up in case of hurricane. I think there was a question on the insurance application about who was watcing/managing the house in our absence. But we hadn't lined up anyone at the time and put "not determined yet" on the application and still got the insurance.
If you aren't over 50, there were other companies we looked at that were willing to underwrite. But all were more expensive.
Hope this helps
thanks, AARP is who we have our condo with there.