Is Your Home Vacant Awaiting Sale?

Not everybody loves insuring vacant homes. But Modern Family Insurance Agency does. Lots of homes don’t qualify for standard insurance for many reasons. The Companies that we work with have a Vacant Program that offers specialized coverages developed for the unique insurance needs of a vacant home and its owner. Homes in the Vacant Program can be for sale, in the name of an estate, or under renovation. We’ll accept vacant homes valued up to $1 million, and there is usually no restriction on the age of the home.

Vacant home insurance coverage is much different than regular home insurance. For example; a home owners policy covers theft of contents, freezing of pipes, but no so with a vacant home policy. Discuss the coverage differences carefully with us. We want you to understand the difference.

Most homeowners do not understand what happens to their insurance on the home when the house becomes empty or unoccupied. This is how homeowners find themselves with no coverage after submitting a claim and the insurance company learns the house was not being lived in at the time of claim.

Every homeowner’s insurance policy is different, but one thing is for sure. Homeowners insurers will not continue to insure a home, if the home is not being lived in by the primary homeowner. A house that is completely vacant (moved out) will end insurance more quickly than other situations.

Right now, there are thousands of homes that have no insurance coverage, but the owners believe the house is fully covered because they just don’t understand the provisions of their insurance policy.

We speak to people all the time that are simply not aware that they are risking everything. These are the most common examples of what we see on a daily basis:
House in Georgia its empty for 90 days while the owners have moved to Texas. (In this case there coverage was greatly reduced.
We can offer coverage for one month, 3 months or for a whole year.

As your Independent Agent we understand these unique needs.
Our policy is also annual or it can be renewed in three-month blocks and it can becancelled at any time (subject to minimum earned premium).