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Whether the property is in transition between owners, or getting ready for a sale. Anytime a property is Vacant for an extended period of time, you need to insure it differently than a regular homeowners policy.

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Vacant Property Coverage

How to insure vacant risks

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Where the property is in transition between owners, or getting ready for a sale. Anytime a property is Vacant for an extended period of time, we need to insure it differently than a regular homeowners policy.

When is vacant homeowners insurance needed?

A vacant home policy is typically needed when a residence is expected to be empty or unoccupied for over 60 days, or perhaps longer.

What does “vacant” mean?

  • An unoccupied residential or commercial property that is not lived in, worked in or put to use for any other purpose

  • An unoccupied residential or commercial property that is not undergoing remodeling. If the property is undergoing repairs or remodeling it must be unoccupied except for the owner or a building trade temporarily occupying it for the sole purpose of repairing or renovating it.

Why is the cost to insure a vacant home typically higher than a standard homeowner’s policy?

Vacant homes have unique insurance coverage needs as they can present additional loss exposures that are not prevalent in a standard homeowner’s policy. When a house is occupied, problems are easy to spot and can be quickly mitigated. A broken pipe or a vandalism loss in a vacant home could go unnoticed for a longer amount of time and therefore may be more costly to address.