Vacant-Home Owners Should Assess Insurance
Clients whose homes sit vacant and on the market for many months should contact their insurance agents and arrange for a policy that will protect an unoccupied property.
Sticking with a standard home owners policy could leave them vulnerable to liability lawsuits. Some policies also exclude coverage for fire damage if the property has been unoccupied for a specified number of days.
The home owner can expect to pay a higher premium.
Source: USA Today (08/10/2010)
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