Vacant Property

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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.

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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.

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.