American Integrity Launches Vacant Home Insurance Policy in Florida

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August 20, 2010 Friday

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American Integrity Launches Vacant Home Insurance Policy in Florida

American Integrity Insurance Company said it has marked a first among Florida-based insurance companies by launching an insurance policy to cover vacant homes.

In a release, the company said the policy will insure unoccupied homes, on a long or short term basis and addresses a growing and unmet need in the sunshine state. The American Integrity program provides an alternative to policies sold by unregulated insurance companies who currently sell a vacant home product at higher rates with high, additional policy fees.

Due to the recent economic challenges Floridians face, the amount of vacant properties are estimated to be at record levels making this insurance product even more timely.

Bob Ritchie, American Integrity's President and CEO, said, "I applaud regulators for working with us to address this critical need in the state's housing market. Floridians have had very few options when trying to insure a vacant home."

American Integrity's Vacant Home policy is a solution to the trend among property insurance companies who are canceling coverage on vacant homes. Typical homeowner's insurance policies exclude coverage for claims if the home is vacant for over 30 days.

Maggie Bryant, of Bryant Coverall Insurance in Eustis said, "Customers don't always realize that standard home insurance policies exclude or limit coverage when a home becomes vacant. We always advise the customer to get coverage specifically suited for an unoccupied home."

Consumers can determine if they need a vacant home insurance policy, if they answer yes to any of the following questions:

- Do you own a rental property and "in-between" tenants to occupy the home?

- Are you trying to sell your house, and moved out?

- Does your current insurance exclude vandalism coverage or limit coverage for a vacant dwelling?

- Have you moved out of state, undecided about returning, and want to make sure your home is covered?

- Has your insurance company cancelled your homeowner's policy because the home is vacant?

American Integrity's Vacant dwelling policy is sold through independent agents throughout Florida.

American Integrity insures over 90,000 Floridians including many who own manufactured homes.

More information:

www.aiicfl.com

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August 20, 2010

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