In the News Benton woman dropped from insurance because of old, vacant home
According to Lars Powell, UALR Professor of Insurance, this isn’t common, but it can happen depending on the insurance company’s policy.Powell said living next to an abandoned home can increase your chances of break-ins and fires, but he said there are hundreds of other home insurance companies to chose from.“Anytime I’ve seen an issue like this where someone can’t get coverage for what seems like ordinary exposure, they’re with the wrong company and if they look around they’ll find a better deal than what they had in the first place,” said Powell.
