The Vacant Home Insurance Refund Process

Many people have asked us, if a Lloyd's of London policy is chosen for vacant homeowners insurance do they have to commit for the entire six month policy period and if not, what is the refund process for vacant home insurance policies.

The Lloyd's of London vacant home insurance plan is a minimum six month program paid in full but 90 days of premium can be refunded for early cancellation. There is a one time policy cost typically of about $65 that is not refundable but 1/2 of the pure premium is fully refundable.

The bottom line is, clients are only "on the hook" for 90 days of paid coverage and the rest of the premium in these vacant homeowners insurance policies is fully refundable. This also applies to policies for vacant condo insurance and vacant townhouse insurance in all States where the program is available.