The Northeast region has received more snow this season then received over the past three years combined. People that own vacant, empty or unoccupied homes are discovering their vacant homes are not insured when they try to submit claims.
According to recent VacantHomeInsuranceNow.com study, data suggests that major homeowners insurers are not communicating with customers when policies need to be terminated due to vacancy.
An increase in the elderly population worldwide is leading to an increase in vacant home insurance claims due to death or transfer to a nursing home leaving the primary residence unoccupied and uninsurable.
A recent study conducted by Vacant Home Insurance Now reveals that 95% of anticipated expatriates were not aware that their home would be considered vacant and uninsurable while they were away.