Some Homeowners Insurers Offer Vacant Homeowners Insurance but at Ridiculous Prices

It is true, when it comes to vacant home insurance there are not a lot of choices in the marketplace of most States. We have recently heard that, in order to increase profits, some homeowners insurers will offer up to a year of coverage for vacant home insurance but at ridiculous prices, making clients feel they have no other choice.

The cost of vacant home insurance is high to begin with because of increased risk and fewer market choices, but the cost some companies are "offering" to clients to keep the home insured after it becomes empty or vacant is astronomical. What's more, we have seen the level of coverage drop from an all risk policy to what is called a dwelling policy for vacant homes, a limited policy form.

Even if the company agrees to keep the home insured at a more reasonable cost, make sure you get a completely new policy document that proves you have coverage on the empty or unoccupied home. We advise you strongly, do not simply take the agents word for it. Normal homeowners insurance policies are not set up to provide vacant home insurance and many exclude even short term vacancy.

In almost all cases where the home goes empty, seek out an insurance policy that is designed to meet your exact needs not a square policy someone is trying to use for a round hole to make a little more quarterly profit.

Vacant Home Insurance Now Does Not Provide Coverage In Egypt

In light of the current crisis we have received calls asking if Vacant Home Insurance Now and the insurance company behind it that specializes in providing vacant homeowners insurance, can provide vacant home insurance in Egypt. Unfortunately, the answer is no.

We can provide coverage for a vacant or empty home internationally in several countries, Egypt is not one of them.

Many foreigners and U.S. citizens have left Egypt for an indefinite period of time until the situation becomes more stable thus hundreds or even thousands of condos, townhomes, and homes could be empty or vacant and need special coverage.

At this time, vacant home insurance coverage is available in 7 countries including the United States.

Note to Policyholders who are Expatriates living in Egypt

Vacant Home Insurance Now has programs specifically created for expatriates that are living outside their home country and that maintain a vacant or unoccupied house in the home country. In most cases, vacant home insurance is needed while an individual is working on international assignment if the home will be unoccupied for over 90 days.

We would like all clients to know that if vacant homeowners insurance is in place, and due to political unrest like we are seeing in Egypt, a policyholder is forced to return and live in the insured house there is no change in the insurance and vacant home insurance (full coverage) will continue uninterrupted.

In other words, due to these and other situations, coming back to live in the house thus making it occupied again, does not void the policy if the house will again be vacant in the future.

If you plan to live in the home permanently and not return to your country of assignment, we ask that you contact us when you can to discuss.

Thank you.