Hello,
First, some definitions:
Canadian "snowbirds" are retirees who live in Canada in the summer,
and in the southern United states for months at a time during the
winter.
There are also the very wealthy people who have a number of houses.
In different states, and even different countries.
Clearly, they don't occupy all of them, all of the time.
They will be away from one house for months at a time.
How do the wealthy, and Canadian Snowbirds insure their American
homes when they are gone?
I'm told that they get vacancy insurance. And that it is very
expensive. Multiples more expensive than homeowner's insurance.
But I don't believe that either group pays so much multiples to
insure their places while they are gone.
How do they insure their place? Do they have a special kind
of insurance that allows one of their agents to come in and
check up on the place?
Thanks a lot
