looking for vacancy ins co....suggestions?

[jkb]

Does anyone have any ideas for vacancy insurance company?

[rrockinggramma]

what is a vacancy insurance company?

[walkthaplank]

I seriously doubt you are going to find "vacancy insurance" (if there is such a thing) that is any cheaper than homeowners. The only difference between the two policies would be insuring contents which is generally a very tiny part of the premium.

[walkthaplank]

I googled "vacant property insurance" and got lots of results. I appears to be geared towards rentals.

[StartingOver08]

The OP may be referring to his insurance company not renewing his policy because the property is vacant. Is that the case OP?

We have that issue here in Fl, the insurance companies do not want to insure any property that is not occupied, especially during hurricane season (which is right now).

[frogger]

If you're referring to insurance for vacant rental property, google and start looking. Our normal rental property insurance does not cover a property when it is vacant, but so far, the lenders have chosen to overlook it if you don't have vacancy coverage.

In our area, it's almost impossible to buy insurance for a vacant property due the amount of vandalism and theft that goes on. A property that is vacant for very long will have the wiring and plumbing stripped out of it quick here.

$10.00 for the goods are the recycler, and $10,000.00 to repair the damages. And people think us landlords are rich........

[jkb]

Yes, that is the case. Our previous insurance company won't insure a vacant home. The home is in foreclosure. The bank said they should have it on the market soon.

[StartingOver08]

The bank can not put the house on the market until the foreclosure is completed. Based on you post, it sounds like you are very close to the end of the foreclosure process. Have you informed the bank that the property is vacant? Did they notify the property preservation department within the bank to secure the house? Make sure you notify the lender, in writing that the house is vacant and you have surrendered the house to the bank (if you have surrendered it in BK).

Has your insurance run out? If not, and the insurance company will not cover a vacant house, try to get a refund from the insurance company. (After all, the house is not covered).

Apparently vacant homes carry more liability:

If you know that you will have a vacant home on your hands for some time, all hope is not lost.

Learn About Insuring Vacant Homes
By Groshan Fabiola

(part of the article is below, click the link for the rest)
Some insurance companies do offer insurance especially made for vacant homes, although it is not always at a cheap price. If you find yourself in this type of situation, your best bet would be to shop around and look for the best priced policy.
“Some major insurers and surplus-line insurers do offer vacant-home insurance -- for a stiff price, of course. Call around and do a Web search. Those same insurers may cut you a rate break if you have a central alarm system for fire and theft, have had deadbolts locks and smoke detectors installed, and have winterized your home to protect plumbing from freezing temperatures. Arranging for someone to come by regularly to check on the place also is likely to earn you a lower premium.”

http://ezinearticles.com/?Learn-About-Insuring-Vacant-Homes&id=496348