What is Vacant Property Insurance?
There are several reasons why a home can be vacated. When this happens, it poses more risks since there is nobody to watch over it. Such risks are: vandalism, fire, theft, and more. The policy, in simple terms, is there to add protection to the home when nobody can take care of it.
What Vacant Property Insurance Includes
- Peril coverage
- Vandalism & mischief coverage
- Liability coverage
- Landlord flexibility
- Partial loss
- And more
Why You Need Vacant Property Insurance
Whether the home is vacant because you have moved to a new place or the property is undergoing renovations, you still need to make sure that it is kept safe. Without the coverage, you may run into issues down the road such as not being able to sell the place because of the amount of damage it took unsupervised. Avoid any hassle by asking your agent about vacant property insurance today.