As we move into 2010 continuing to insure vacant apartments, vacant houses, and vacant townhouses as our specialty, we unfortunately can still say that 9 out of 10 customers had NO IDEA their existing homeowners insurance company does not provide vacant homeowners insurance. In other (more…)
Vacant Home Insurance now (.com) saw a massive influx of empty and unoccupied houses in 2009 due to the current economic conditions. The trend is not expected to decrease in 2010 as the amount of homes that sit on the market that cannot be sold is not decreasing in most real estate (more…)
The biggest challenge when someone has an empty or vacant condo that they need to insure, other than the fact that people do not know the terms of their existing homeowners insurance company regarding vacant homes, is getting the value right.Every respectable insurance agent and company (more…)
Homeowners that have the now infamous Chinese Drywall exposure problem will need vacant homeowners insurance while they are not living in the house, and while the situation is fixed. However, securing vacant home insurance for this situation is not easy, and many carriers will not (more…)
When people have a home on the market for sale that becomes vacant or empty, and requires vacant home insurance, they soon find they are being cancelled by their existing homeowners insurance company. When they seek quotes on the market for vacant homeowners insurance there are three (more…)
Many people purchase a home with the idea they will not be living in the home for 3 to 6 months why they renovate the house. After the renovation they will either sell or live in the house themselves. Most of these people understand they will need some sort of vacant home insurance (more…)
At VHIN, we are often asked the same question. Why don’t the big insurance companies insure vacant homes and provide vacant homeowners insurance? It is clear that they are not in the vacant home business, and we will assume they have their reasons, but this question is more puzzling. (more…)
With the baby boom generation hitting it’s stride with most in their mid 60’s, many will begin entering assisted living facilities and nursing homes over the next 5 to 10 years. When the children decide dad is better off in assisted living, one thing they almost never consider is (more…)
When a house becomes vacant or empty and vacant homeowners insurance is needed, one of the most important things to remember is the home needs to be insured for the true rebuild and reconstruction cost.Often, even after someone understands the need for vacant home insurance, they (more…)
Several Insurance Underwriters are no longer taking certain risks in California due to the ongoing wildfire situation, and this includes some insurance companies that offer commercial insurance and vacant home insurance.Clients may not be aware that underwriters of vacant home insurance (more…)