RISK REDUCTION - You probably knew that your insurance company could cancel your policy if they knew your rental was vacant for more than 30 days but did you know that some insurance companies now offer Vacant Home insurance? This is a wonderful feature and I strongly encourage you to call your insurance agent and find out if they offer this coverage and if so, what the cost would be. Sadly we’ve had too many occasions when an air conditioner or appliances have been stolen from a vacant house and the insurance company wouldn’t cover the loss because it had been vacant over 30 days. If your insurance carrier doesn’t offer this coverage, you may want to shop around for one that does.
Vacant Home Insurance!
Bonnie Barberini - Tuesday, January 27, 2015
Author
Bonnie Barberini
CFO and Founder
Bonnie is the visionary that has driven the company and culture of Avalon since 1993. Her passion is improving procedures and practices; incorporating technology and value added services for both our clients and tenants.
Bonnie is a licensed Real Estate Broker and Permitted Property Manager. She has been deeply involved in the National Association of Residential Property Managers since 2007 and has served many times on the board of our local chapter. Bonnie stays on top of the law and re-writes our management and lease agreements on a regular basis to cover new laws and best practices.