Do Banks pay house Insurance on vacant foreclosed homes, and are those rate triple compared to occupied?

ask: "Do Banks pay house Insurance on vacant foreclosed homes, and are those rate triple compared to occupied?"

I just read an article in msn that said if you have and own a vacant home that insuring that causes the rates to triple..I should hope that the law-enforcement of that community would protect that home just the same as if that home were occupied.

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