Vacant Building Insurance, a leading provider of insurance quotes, announced that the company is now able to secure even lower rates for many clients who seek insurance for their vacant homes or other properties. Thanks to new relationships with some of the country's top insurers, VBI can now offer substantial discounts to many customers even compared to the company's already industry-leading rates. Arranging for insurance for buildings which will be vacant for some time can otherwise be extremely time-consuming and costly, but Vacant Building Insurance takes the difficulty out of the process, quickly gathering quotes for clients and saving them money.
The Federal Emergency Management Agency reports more than 28,000 vacant building fires occur each year resulting in an estimated $900 million in property loss in the residential sector alone. In addition to mounting property losses, owners of these structures also find themselves responsible for the extensive costs of more than 40 deaths and over 200 injuries annually. Although owners typically hold insurance policies on their properties, most general policy providers tend to fall short on their coverage of structures considered vacant.