USA Today from Census Reports there could be 14,000,000 vacant homes in the U.S.

Of the 14,000,000 possible vacant homes in the U.S. reported by the USA Today via the recent census, how many need vacant home insurance (also called vacant homeowners insurance)? Well, certainly not all of them, but we estimate the number to be in the millions.

Why wouldn't a house in this situation need it's own vacant home insurance?

1. The home is abandoned
2. The house is boarded up or burnt out
3. The house in under construction and under a builders risk insurance policy.
4. The house is owned by a bank or mortgage company and under a master group vacant homeowners insurance policy or the bank self insures the vacant dwelling risk.
5. The house is owned by a corporation, perhaps being bought out by a corporate relocating employee because it did not sell in time. Many of these homes are not under a vacant home insurance group policy because the corporation may actually self insure the risk.

Other than this, the millions left over, need vacant home insurance or the house in not protected properly. How many are protected properly... we can only guess. We suspect only about 25% are protected in the right way which is a scary statistic meaning there could be over 1,000,000 uninsured or improperly insured right now.