Table 7-4 details the current practices in this area. While on Assignment. Keeping a home vacant while on assignment creates specific issues, including tax issues, for states that will not allow a break in residency if a home is vacant. A policy must therefore cover who will be responsible for the increased insurance cost as well as any additional maintenance costs. Renter Prior to Assignment.
Renters usually vacate their apartments or houses prior to taking an international assignment.
Expatriate policies should detail the maximum amounts that will be reimbursed. Most companies, at a minimum, reimburse renters for loss of a security deposit and up to two months' rent as a lease cancellation cost. Home Country Automobile Issues Owned Automobiles. Prior to beginning an international assignment, many employees are forced to sell their personal automobiles. This is usually due to the fact that storage is costly and generally not reimbursed by companies.