Apply for your free Vacant Property Insurance quote today! Did you know vacant residential and commercial properties encounter different risk exposures than occupied homes and buildings? Ensure you have the appropriate coverage in place when you need it most against vandalism, theft, and more.
Apply for your Click “Get a Quote” today to get started.
Choose the belongings you would like insured, everything from televisions, furniture, non-built in appliances, and more.
In the situation where you're unable to live in your rented property due to an insured loss, your extra living expenses would be covered by Underwriters.
Personal liability protection covers you for third-party property damage (PD) or bodily injury (BI) claims, no matter where you are in the world.
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Vacant Property Insurance is a comprehensive insurance package tailored to those with vacant residential or commercial properties. Traditional home or commercial property insurance is designed for extended occupancy as long as you are the owner. Meanwhile, Vacant Property Insurance is meant for covering buildings or houses that go for an extended period without anyone living or inhabiting them. You can purchase it individually as a stand-alone policy or as an endorsement with your home insurance policy.
In occupied homes or other properties, it is easy to spot problems and take preventative measures. But in an uninhabited location, problems may worsen over the same few months. If you own residential or commercial vacant properties, you might want to explore a policy beyond your home or commercial property insurance.
The need for Vacant Property Liability Insurance increases the longer you are away from your resident or the longer the property is left vacant. Properties left unattended carry added risk and require extra protection compared to an occupied structure.
For example, there is a higher risk of the following:
Ensure you have sufficient coverage for your vacant resident and commercial property so you can focus on other important personal and business needs. Get the best rates with our comprehensive vacant property insurance!
Any empty home, condo, land, or commercial building is in safe hands with us. We understand your challenges and have developed a comprehensive package with coverages not offered by your home or commercial insurance policy. Our package includes these relevant coverages:
The Vacant Property cost will depend on several factors specific to the business:
Complete our online application anytime and get your free custom quote delivered to you. Completing our online application does not cost anything or have an obligation to proceed with the coverage once a quote is provided – customer service is our first priority.
A list of eligible properties for Vacant Property Insurance includes:
However, our Vacant Property Insurance cannot insure the following intended occupancies:
In insurance terms, vacant and unoccupied properties are distinguished by how long they have remained empty. In terms of insurance, a place is vacant when it is uninhabited, unattended, and has no furnishings for more than 30 days — for example, plots for sale or property that exists as an investment. A vacant property is one that you do not intend on living anytime soon.
Your property is unoccupied when the place is temporarily uninhabited for over 30 days, and you have furniture and other utilities ready for use without extensive repairs.
If you have a house, condo, or commercial building with no one living inside but can be inhabited anytime, that is an unoccupied property.
In everyday language, they’re synonyms, but for a home insurance provider, a vacant home is distinct from an unoccupied one. Unoccupied property insurance is generally cheaper than a vacant one, as it has lower chances of loss.
No. You can always add this as an endorsement to your home insurance. Typical property insurance will not list vacant properties as eligible classes of buildings, so it is critical that you either purchase Vacant Property Insurance alone or as an endorsement.
Standard properties have less unpredictability since they count on owners to minimize the risk of specific issues such as water damage or theft. No guarantee exists with a vacant home or condo.
Also, if your property is unoccupied for too long, your existing policy will not be able to insure damages or losses that occur. To avoid unnecessary hassle, we recommend purchasing Vacant Property Insurance is necessary to ensure additional risks are covered.
