Home Insurance Blog » vacant townhome insurance

Home Insurance Online :Vacant Townhouse Insurance not The Same Process As Insuring an Empty Condo

admin — Sat, 02 Jan 2010 03:48:24 +0000

Vacant Home Insurance now, in addition to providing vacant homeowners insurance to single family homes also provides vacant townhouse insurance and vacant condo insurance.Unlike an empty or unoccupied condominium that needs special insurance coverage, a townhouse that is not being

=============
Article Content:
Vacant Home Insurance now, in addition to providing vacant homeowners insurance to single family homes also provides vacant townhouse insurance and vacant condo insurance.Unlike an empty or unoccupied condominium that needs special insurance coverage, a townhouse that is not being lived in needs much more coverage when writing vacant town-home insurance. If you are, by legal definition, living in a condo there is a master association policy that covers the part of the structure that the condo owns, typically the roof, grounds, and outside walls. When securing vacant condo insurance it’s usually only necessary to insure the walls in. Although someone that lives in a townhouse also pays dues into an association, there is no master insurance policy that covers any part of the persons townhouse (in most cases). The owner is responsible for insuring 100% of the dwelling up until the legal barrier where the other townhouse starts next door. Unlike a condo, providing vacant townhouse insurance means the dwelling will need to be insured for an amount that will be very close to the sale price unless there is extraordinary value in the real estate location. When you need to insure a condo, the sale price can be hundreds of thousands of dollars more than the amount you need to insure for.

———————

Home Insurances :5 Part Video Series Vacant Home Insurance 101

admin — Sat, 02 Jan 2010 03:48:23 +0000

Vacant Home Insurance Now, the premier website on the net providing information on the need for vacant homeowners insurance and vacant townhouse insurance, is providing a 5 part video series that can be found on U-Tube by searching “vacant home insurance.”This series covers the need

=============
Article Content:
Vacant Home Insurance Now, the premier website on the net providing information on the need for vacant homeowners insurance and vacant townhouse insurance, is providing a 5 part video series that can be found on U-Tube by searching “vacant home insurance.”This series covers the need for the insurance if a home becomes empty for just 60 days, and why the regular homeowners insurance companies do not provide the coverage. There is a section on the bad advice that is pervasive throughout the market, given by friends, family, real estate agents, and even insurance agents. Advice like, “if you sleep in the house for just one night a week, you can keep your regular homeowners policy and you don’t need vacant home insurance.” We dispel these sort of myths.Finally, the series talks about key coverage features when shopping for empty home insurance, and points out there is a big difference in the offering of various companies on a State by State basis. In other words, there is little to no standardization in this market and buyers need to closely examine the quotes they are getting to assure themselves they will buy quality.Understanding Vacant Home InsuranceVacant Home Insurance vs. Homeowners InsuranceGetting The Wrong Vacant Home Insurance AdviceVacant Home Insurance Coverage FeaturesAdditional Vacant Home Insurance Coverage Features

———————