NU Online News Service, Oct. 30, 2:20 p.m. EDT

While the economic crisis has created a homeowners' insurance affordability problem for consumers, a residence left vacant could create homeowner policy gaps, according to a report issued by the Independent Insurance Agents & Brokers of America's Virtual University.

"Although most homeowners policies provide coverage for the dwelling on the 'residence premises,' a term typically defined to include the dwelling 'where you reside,' the question is, what happens if you no longer (or never) reside(d) there?" asked Madelyn Flannagan, IIIABA vice president of agent development, education and research.

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