Vacant Home Insurance Now is a provider of insurance policies for vacant homes, buildings, and properties. We are the premiere source for vacant home insurance policies. Not all insurance companies want to insure vacant homes -- but we do. We are able to offer comprehensive and specialized vacant home insurance coverage for your unique needs.
VacantHomeInsuranceNow.com, a company specializing in insuring residence properties that become empty or vacant, and are no longer considered insurable through standard homeowners insurance policies, announced the results of a recent survey regarding expatriates. An expatriate is typically defined an American working one year or more outside of the U.S. for a multinational employer. Expatriates are also frequently international school teachers and those on a religious mission.
At any one time, there are tens of thousands of Americans working around the world for various reasons, and this does not include U.S. government employees. Here are the shocking results of the survey;
20% of Americans keep their home while they are living abroad as an expatriate.
60% of those that keep a home while working overseas, attempt to find a renter or boarder to live in the house while the owners are away.
If an expatriate has kept a home while working internationally, about 80% of the time the home will become what is considered vacant, from the insurance companies perspective.
95% homeowners do not understand the vacancy or unoccupancy provision of their existing homeowners insurance policy.
The last two statistics are of the most concern; "If expatriates don't understand the vacancy provision of their existing insurance policy and, if at some point, the home is destined to become "vacant," this sets up a situation where coverage can be lost and the home can be exposed," says Matthew McKinley, President of VacantHomeInsuranceNow.com.
Just because the homeowners insurance bill is paid in full with the insurance company, it does not mean a vacant or empty home has full coverage and the insurer will honor a claim.
Unfortunately, Americans that go overseas to live don't understand these basic issues and it is estimated that thousands of home are sitting empty right now without the proper insurance coverage. In these cases, the owners believe they have coverage, but no coverage actually exists.
VacantHomeInsuranceNow.com is a leading provider of vacant home insurance -- insurance for homes that become vacant or unoccupied in the United States and in over 50 countries. VacantHomeInsuranceNow supports its growing portfolio of products with powerful technology and a global multilingual call center that operates 24 hours a day. The company is headquartered in Malvern, Pennsylvania. For additional information on our vacant homeowners insurance, please call 610-363-9271.
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