Vacant Property

Vacant Home Insurance

Insuring Vacant Property

Many carriers look at a vacant property as an unwelcome risk. We welcome this business with a flexible program.

When your property becomes vacant, a standard homeowner policy may give the carrier the right to cancel mid-term, lower coverage levels, or even deny a claim.

Avoid that hassle with an insurance policy designed for vacant property. Our vacant program is based on a standard dwelling policy, but we refocus the coverage on just what is needed for a vacant property.

	Policy feature	What it means
Policy overview	Protection	Policy covers the standard named perils, such as fire, smoke, windstorm, hail, and explosion.
	Settlement	All claims are settled for Actual Cash Value.
	Term options	• 3- and 6-month terms automatically renew • 12-month policy available in most states
	Pro-rated cancellation	When your house sells, or someone moves in, you can cancel the policy and get a refund for the balance of the policy term.
Residence description	Wide eligibility	• Up to four-family • No age restriction • Fair or better condition, showing proper maintenance • Vacant for less than 12 months (we must approve longer periods) • Vacant manufactured homes accepted • Renovations in process are accepted without surcharge
Included coverage	Other structures	We cover a shed, detached garage or fence.
Included coverage	Reasonable repairs	We reimburse reasonable expenses for repairs made to prevent additional damage, like covering a roof after a storm.
Optional coverage	Premises liability	Add coverage for an accident happening on the insured property that causes injury or property damage to a third party.
	Builder’s risk	During a renovation, add coverage for the value of improvements, alterations or repairs.
	Personal property	You can include personal property coverage with the dwelling coverage.
	Vandalism	Add coverage for acts of malicious intent that damage your home.

All coverages protect up to the stated policy limit. For details on this product, talk to your agent.
Program availability and coverages may vary by state.

Vacant Property

When does your vacant house need a special policy?

• You’ve moved for a new job but your house is unsold.

• A property is undergoing renovations.

• You rent out the house, but are between tenants.

• As an executor, you are selling a house to close an estate.

Vacant Property

Insuring Vacant Property

Vacant Property

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