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Posted by Vacant Home Insurance at 9:08 AM | Labels: absentee owner, landlord policy, vacant home insurance, vacant homeowners insuranceOne of the unique features of the vacant home insurance product offered by XN Financial Service, Inc is their vacant home insurance product is a true hybrid. What does that mean for the purchasers of vacant homeowners insurance and more importantly for people living out of State or even abroad?If a home is empty of vacant, the ONLY way to cover it is through a vacant home insurance policy. If a home is going to be rented, a homeowner would need to put in place a landlord tenant policy. In the past, homeowners had to flip policies back and forth as they got a renter, lost a renter, and so forth. A real hassle, especially for someone living overseas.If someone purchases our vacant home insurance policy and then they get a renter in the house, there is very little they need to do. The policy can remain in force. On the other hand, if the house is being rented and the renter leaves, there is no need to cancel the policy and find a new policy which is very labor intensive. The insured can stay with this policy. They would simply have to inform us that the house is now empty. The main advantage; the policy would not have to be re-written.x
