Georgia Vacant Home Insurance

Most home policies will not provide many of the coverages after the home has been vacant for 90 days or more.

Your home insurance agent is not going to call you to see if the home is vacant.  Being proactive and understanding the coverage your home policy provides is important. 

How well is your home protected while vacant? 

The reason for vacancy does not have a bearing on the “type of vacancy”

• Relocation
• home is listed and not sold
• divorce has all parties vacating the home
• marriage has one spouse moving in with other spouse
• Renting the home and not finding a tenant
• the list is long…  

Vacant homes need to have Vacant Home Coverage… We can provide those solutions.

We represent a GEORGIA agency and NOT a referral service that will result in numerous calls.  WE provide Coverage and DO NOT sell your information to others.

Give us a call, we can assist you in the effort to obtain the solution for your immediate need.

1-877-MattLocke (628-8562) or click here

For All Vacant Homes In Georgia

This site is owned and managed by a Licensed Georgia Insurance Agent and the Agency of Matt Locke and Associates, LLC

The foreclosure industry has its benefits for investors and others that are buying up the great realestate deals.

When buying that vacant foreclosed home, don’t forget the insurance factor.  We have insurance solutions for the vacant home and the builders risk needs.  Not all builders risk policies have liability coverage.  Don’t leave your backside exposed.  Get insurance with Liability Insurance included.

Vacant home and Builders Risk Coverage for the foreclosed home FAST and inexpensive.

Give us a call or fillin the application, click here.

I’m always amazed at the tenacity of the insurance company that writes its insured to state: Your policy is being canceled due to the home being vacant.  The insured has remained claim free, pays their bill, and now the insured is being canceled? 

Reality: The insurance company has more risk for major claims when a home is vacant.

Example:   In November 2008, a customer called me letting us know the insurance company was not going to pay for a claim.  The claim was pretty straight forward… A tree went through the roof.  That is a traditional claim no worries.. Right?  The insurance company agreed to pay for the damage to the roof and remove the tree.  The insurance company declined coverage for the water line that was damaged and flooded the home.  The waterline flooded the house for over 10 days.  There is NO DOUBT that the roof claim was much less cost than the water damage. 

NOTE: Had the home been insured with a “vacant home” policy, the question of paying the claim may have been less questionable.

Did you recieve notice?  Is your home insurance policy being canceled due to vacancy? 

There are options.

1. www.showhomesofatlanta.com provides a service to “stage” the home while keeping the home occupied.
2. Rent your home and look to sell your home when the market changes.  Getting a landlord policy in the interium would then be needed.
3. Lastly, the last choice is a vacant home policy.  The policy is expensive in comparison to a traditional policy and provides good coverage but not as robust coverage as a Landlord Policy or a Homeowner Policy.

When you are ready for that vacant home quote, give us a call or submit the online quote.

Sincerely,

Paul “Matt Locke”

1-877-MattLocke

Vacant homes are being targeted by insurance companies.  Insurance companies are finding homes that are vacant and canceling their policies.

Vacant home listings.  Drive by inspectors that ‘just happen’ to be in the neighborhood.  Being a target for a home policy being canceled is REAL if the home is vacant, looks vacant, listed as vacant, etc.

What should you do if your home is vacant? 

1. Know that coverage for certain “perils” may not be valid IF the home is vacant for more than 30 days.  Does that mean there is NO coverage?  Not necessarily… It may mean there is no burglery coverage, no vandelism coverage, and be careful… No coverage for water damage has been an issue with some carriers.
2. Consider using services like Show Homes of Atlanta.  Show Homes of Atlanta will put a “tenant” in your home that keeps your home occupied with QUALITY home furnishings and professional home staging.   This positions the home to be sold FASTER.  Also, the insurance costs are lower!  Also, the “tenent” pays utilities, keeps the yard up, maitains the pool…
3. Rent or Lease Purchase the home.  The rental market is booming in this credit tough economy.  Property Management companies have tenants that can occupy the home for 12-36 months to help you get through this tough sales time.  Lease Purchasing also positions the tenant with the goal of buying the home at the end of 12-36 months.

If all of the above fails, then the vacant home policy is available to keep your home covered and position you with the RIGHT coverage.

Give us a call.  We can provide help in all of the areas above.  1-877-MattLocke or 678-682-9700.

So, we all need to pay our fair share of taxes… But this year has us all reviewing our expenses and cutting costs every where possible.

I do not know of anyone that has not lost property value in the last year.  If you have the time to appeal your property taxes, you have until April 1st, 2009 to make your voice heard.

A popular website to help you through the process of appealing your property taxes is: www.GAPropertyTaxAppeal.com.

Start your process quickly and efficiently with the information from this site.

Paul “Matt Locke”

Purchasing homes from the court house steps?  Call us prior to leaving the steps and we will have coverage issued IMMEDIATELY.  Coverage can be bound over the phone.  Many times, we have the information on your home via FMLS and local tax records.  Our ability to pull the info on the home being purchased keeps your process of obtaining coverage EASIER and FAST.

Payments can be made via Visa, MasterCard over the phone and a binder can on your blackberry prior to your departing the courthouse steps.

Coverage can provide insurance for the Vacancy and the renovations (builders risk).  More importantly, when you are ready to convert the policy to a landlord policy or homeowner policy, we can do the conversion and refund a majority of the Vacant Home policy premium.

Call us or e-mail us prior to going to the court house and the policy will be ready when you are.

1-877-MattLocke or 678-682-9700