Why is it so hard to insure a vacant home?

The biggest reason is that when a home is vacant a very small problem can become a very large problem. Take for example a leaky sink.  I had insured an apartment building and when the tenant moved out they did not turn off the plumbing completely on the second floor when they removed the appliances.  The dripping was so slow it was almost unnoticeable but brought the ceiling down on the first floor and destroyed some cabinets.  If no one is actively working on the property an a daily basis, a home can really accumulate some damage.

Another problem is vandalism or theft.  A property left alone is prone to attract the wrong element expecially in a more urban area like detroit.  We have cases in Detroit where other investors steal cabinets, plumbing, and other building materials for their own property.  It's a horrible thing.  Also when copper was a hot comodity many homes were being stripped for salvage. We also had a home insured that was used for a dog fighting arena because someone knew the property had been vacated.

Many companies are not equipped or have the underwriters to properly rate and write insurance on vacant properties. There are companies that specialize in vacant home insurance and are offered by some agents.  The hard part is finding the agent who knows the product and writes for the company.

We have chosen to specialize in insuring homes, landlords, and investors properties.  We insure vacant properties even while being rehabbed.

For advise or a quote please visit our website at http://www.getgliga.com or call us at 888-438-4544 and ask for Don

The Home Insurance Specialists.