Dear [Name]:
Owners of vacant homes and businesses may have purchased homeowners or business insurance and, having paid their premiums, believe that their coverage is secure.
Unfortunately, the premiums charged by insurers are based upon protecting owner occupied residences and successful, ongoing businesses, not vacant properties. The insurance provided by their policies will be limited, and may not respond at all if the property has been vacant for more than 60 consecutive days (prior to a loss)!
Most insurance companies will cancel coverage completely if they become aware of a vacancy. Vacancy causes major problems in the event of a loss. The occupancy status is considered essential (material) to the insurance company. When that changes, so does their interest in providing insurance protection.
Of major importance:
Insurance is suspended on glass (window/block) breakage.
Vandalism and theft is not covered.
There is no coverage for freezing of a plumbing, heating, air conditioning, or automatic fire protection sprinkler system or of a household appliance caused by freezing if a structure has insufficient heat, and/or the water system has not been shut off and drained!
There are solutions. The [agency name] prides itself on making sure that our clients understand their coverage. Please contact us and we'll show you what we mean.
Sincerely,
