The millions of homes that remain vacant are a stark reminder of the severity of the housing crisis that began in 2007. Through foreclosures, families downsizing and young people forgoing homeownership, the housing crisis has created a glut of empty homes.
For insurers, these vacant properties carry significant risks that differ in severity and frequency from those of an occupied home. But they also provide agents and brokers ample opportunities to build expertise and new business.
Millions of Empty Homes
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