When a home, rental property or commercial unit becomes vacant or unoccupied, its insurance needs may change. Standard homeowners and commercial property policies can limit or exclude certain coverage after a property has been vacant for a specified period. Depending on the circumstances, a vacant-property policy or endorsement may be needed.

Vacant buildings also face increased risks from fire, vandalism, theft, frozen pipes and water damage. Because no one may be present to notice a problem, even a small incident can quickly become a major loss.

If your home or commercial unit becomes vacant—or you expect it to become vacant—contact your independent insurance agent immediately. Your agent can review the circumstances, explain how the policy defines vacancy and help arrange appropriate coverage.

Source: MSO, Inc., “Vacant or Unoccupied Buildings Present Increased Hazards”
Disclaimer: The information provided is for general informational purposes only and is not intended to amend, interpret, or replace any insurance policy. Coverage is subject to the terms, conditions, limitations, exclusions, and endorsements of the applicable policy. Please consult the actual policy forms and your independent insurance agent for complete coverage details.