Vacant Property Insurance

Available in OH, KY, TN, PA, IN, IL, MN, MS, MO, AR, AZ

When a home becomes vacant, a standard homeowners policy may give the carrier the right to cancel mid-term, lower coverage levels, or even deny a claim. In fact, many insurance companies don’t like to cover a vacant home because it is more likely to suffer certain kinds of damage, such as a break-in by kids or vagrants, or damage that grows to a large scale, for example a water leak that goes undetected.

When and why do you need a vacant policy?

• You own rental property and are between tenants 
• You’ve moved for a new job but your house is unsold 
• A property is undergoing renovations 
• As executor, you are selling a house to close an estate 

Coverage Highlights

• 3, 6, or 12-month term options
• List of specific covered causes of loss 
• Actual Cash, Stated Value, Full Repair, Modified Functional Replacement Cost, and Replacement Cost Value loss settlement options
  

Property Eligibility

• No age restriction 
• Fair or better condition, showing proper maintenance 
• Up to four-family Valued up to $500,000 (most states — $1M in a few) 
• Vacant for less than 12 months (we must approve longer periods) 
• Vacant manufactured homes and condominiums accepted 
• Renovations in process are accepted without surcharge