With nearly half the homes in America currently vacant or held for rent, the owners of these homes need to carefully check their insurance coverage to ensure that they have the correct coverage.
Flagstaff, AZ (PRWEB) June 08, 2011
According to recently released U.S. Census Data, the percentage of rental and vacant homes continues to increase. Nearly 35% of all homes are currently held for rent. And, over 500 of the largest cities across the U.S. have seen an increase in the number of rental homes in their communities. In addition, nearly 8% of all homes are currently vacant. “With nearly half the homes in America currently vacant or held for rent, the owners of these homes need to carefully check their insurance coverage to ensure that they have the correct coverage”, stated Jim Labelle, CEO of Specialty Insurance provider International Insurance Group, Inc. (IIG). IIG is licensed in every state and provides policies specifically designed to cover Rental and Vacant homes.
The vast majority of homeowners do not understand that they may lose insurance coverage if their home becomes rented, vacant, or even while the home is temporarily unoccupied. Many of the owners of these homes fail to tell their current insurer that the home has become a rental or is vacant. These homeowners discover their coverage is limited or can be denied altogether, in some instances, if the current insurer believes that the home is owner-occupied and it is not, but rather rented or vacant.
International Insurance Group, Inc. offers special rental, vacant and seasonal home insurance programs to individual owners, property managers, and others who manage these properties in nearly every state. Owners and landlords can visit http://www.iigins.com/rental-home-insurance/ for more information on insurance for their rental(s) and http://www.iigins.com/vacant-home-insurance/ for vacant home insurance and to obtain a quote. Group-type coverage is available for lenders, property managers, and others.
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