Vacant Home Insurance is the correct product if you own a hoe that is unoccupied for 30 days or more. Obtaining Insurance for a Vacant Dwelling, or Insurance for a Vacant Building is becoming increasingly more difficult. Especially for coastal properties or properties that have been vacant for along period of time. For many insurance for Real Estate is our most valuable protection of our assets. The time to think about the unthinkable, is before it happens to you or your property.
The main purpose of coverage for a Vacant Dwelling or Vacant Home is to protect you against losses you cannot afford to sustain. Few people have the financial resources to rebuild their homes or buildings if they are destroyed.
In addition to protecting your real estate structure, this insurance may also provide Liability Insurance Coverage to protect you from financial ruin if someone is injured on your property and sues for damages.
The Options available for a vacant dwelling or vacant building consists of the following coverage:
This insurance coverage protects the building structure, this coverage limit SHOULD be the cost to replace the building and we are more than happy to assist you in determining the Replacement Cost Value of your Vacant Property. Our Skilled Agents and representatives have several tools that allow us to accurately determine the cost to replace your property structure based on your description of the coverage.
This optional insurance coverage protects other structures on the property. This may include gazebos, pools, decks, sheds, detached garages, fences swing sets and playground installations.
This optional insurance coverage protects the owner of the property against suits arising out of injury that is sustained on the property or even damage to the property of others that arise from your property
A Vacant Home or Building Policy will cover you against the basic causes of loss, in addition to the coverages listed above, a Vacant Hoe Insurance Policy typically cover you for the following causes of loss:
- Fire
- Lightning
- Explosion
- Windstorm or Hail
- Smoke
- Aircraft or Vehicles
- Riot or Civil Commotion
- Sprinkler Leakage
- Sinkhole Collapse
- Volcanic Action
The Following Coverages are Optional:
- Premises Liability
- Vandalism
- Malicious Mischief
- Personal Property
When insuring a vacant property you need to be realistic. A Vacant Home is an attractive nuisance. It it a potential haven for kids, the homeless, squatters and vagrants. As Such it is more expensive to insure than a home or an occupied building.
How much more? Typically the average cost of a vacant building insurance policy can be 1.5 to 3 times that of a homeowners insurance policy or a building insurance policy.
Vacant Home Insurance, Vacant House Insurance, Vacant Hazard Insurance, Vacant Fire Insurance
Let us assist you with your Vacant Property Insurance Policy Coverage.
Click here for a Free Vacant Home Insurance Quote.
Click here for a Free Vacant Building Insurance Quote.
If you have a home that you purchased that is to be renovated or demolished and rebuild, click here for a builders risk insurance quote.